LLC Formation
How to Pay Yourself LLC Profits: Owner's Draw vs Salary
How to pay yourself from an LLC: owner's draw versus salary, which one applies to your tax classification, and what you owe either way.
Mark J. Henderson ·
FormationHub Blog
Guides and answers on LLC formation, EINs, taxes, and running your business.
LLC Formation
LLC Tax Benefits: What an LLC Actually Saves You in 2026
What LLC tax benefits actually exist: the S-corp election, the Section 199A deduction, and why forming an LLC alone does not lower your federal tax bill.
Mark J. Henderson ·
LLC Formation
Best State to Form LLC in 2026: What the Numbers Actually Say
Why the best state to form an LLC is almost always the one you already operate in, what Delaware, Wyoming, and Nevada actually offer, and when forming elsewhere makes sense.
Mark J. Henderson ·
LLC Formation
How to Start an LLC in 2026: Six Steps and What It Really Costs
The six steps to start an LLC, what each one actually costs in real states, and what you pay every year after you file.
Mark J. Henderson ·
LLC Formation
How Long Does It Take to Get an LLC? Filing, Approval, and Setup in 2026
How long it actually takes to get an LLC: filing, state approval, and the EIN and bank account steps that come after, plus what actually causes delays.
Mark J. Henderson ·
Banking & Credit
Business Bank Account for LLC: What You Need and How to Open One
What banks actually require to open a business bank account for your LLC, why they ask who owns it, and what to do if the application gets rejected.
Mark J. Henderson ·
Banking & Credit
DUNS Number: What It Is, What It Costs, and Whether Your LLC Needs One
What a DUNS number is, what it actually costs (free, or $229 expedited), how long it takes, and whether your LLC needs one at all.
Mark J. Henderson ·
LLC Formation
LLC Cost by State in 2026: Filing Fees and Annual Fees for All 50 States
LLC filing fees and annual fees for all 50 states and DC, from $35 in Montana to $500 in Massachusetts, plus the mandatory taxes that never show up on a state fee schedule.
Mark J. Henderson ·
LLC Formation
Benefits of an LLC: What You Actually Get for Your Filing Fee
What an LLC actually gets you: liability protection, pass-through taxation, and credibility, plus the real filing costs, from $35 to $500, and the downsides worth knowing.
Mark J. Henderson ·
LLC Formation
LLC Meaning: What an LLC Is and How It Works
What LLC actually means, how liability protection works, what states really charge to file ($35 to $500), and how an LLC gets taxed.
Mark J. Henderson ·