Social Icons


Simple Steps to Form or Start a LLC


If you are in the process of starting a business and you have decided to set up a Limited Liability Company, it really is quite simple and does not require a lot of time or effort to start a LLC. Once you have made the decision to form a LLC, the process is straight forward and the steps are easy to follow.  In the beginning stages of a new business, it is best to save as much money as possible and you can do so by filing your own LLC documents.

Determining a business name should be the first step in forming a LLC; you want to make sure that you choose a name that fits your business model. Take the time to go over possible names that would be appropriate for your particular business, as long as it does not include “bank,” “insurance,” “corporation,” or “city”.  The business name should end in LLC or some other designations of LLCs approved by your state.  It is best to check the Secretary of State’s office to see if your desired name is available before filing any paperwork; this will ensure that your name does not infringe on another corporation’s trademark.  In most states, you will not have to register the business name as it will be automatically registered when you file the articles of operations.

Once the name is selected, it is now time to prepare and file the “Articles of Operations” form with the Secretary of State’s office.  The “Articles of Operation” are simple documents that are easy to fill in and can generally be completed within a short amount of time.  The form will ask for the LLC’s name and address, and depending on the state, it may ask for the names and addresses of all its’ members.  The corporation may decide to appoint one member to sign the articles, or all members will prepare and sign the articles.  Filing fees will vary depending on the state, and filing fees can range from $100-$1000. You can contact the Secretaries office for more information on the filing fees.

Although it is not required by the Secretary of State’s office, it is best to create an Operating Agreement amongst all members of the LLC.  An Operating Agreement will lay out the structure of the business and the rights and responsibility of each member.  This form will also determine the voting powers of each member and how the LLC will be managed.  The Operating Agreement should be kept on file at the location of the business.  This form will assist if there are any financial or legal issues in the future. Some states require that the business files a Publish Intent to Form document with the Secretary of State’s office. This means that you publish a notice in regards to your business name in a local newspaper for a certain amount of time.

The final step to start a LLC is to obtain licenses and permits that are relevant for your business. The licenses and permits are necessary for the business to operate. It is also important to apply for a federal tax ID number and obtain any zoning permits required by your county. Once all documents are completed and filed, your corporation is now ready to open for business.

No comments:

Post a Comment


Get Started NOW!!!

Be Highly Effective!

Don't Forget Taxes!