If you’re trying to set up your new enterprise, then you may be thinking about how to get an LLC. Limited liability companies are beneficial for a few reasons, but how can you be sure that you’re doing everything right? Today, we’re going to give you some tips on how to get started with the LLC online filing process:
#1 Look at Your State’s Rules
LLCs are unique in that the federal government doesn’t regulate them. Therefore, you want to make sure that you know what’s required by your state before you begin. Most states have similar rules regarding LLCs, but there may be some additional details you’ll want to understand.
#2 Create a Name for Your LLC
Before you start filling out paperwork or applying for licenses, it’s crucial that you have a name. Most LLCs have to have the initials in the title (i.e., My Business, LLC). Your state may have specific requirements about the name.
#3 Submit Articles of Organization
Each state has rules regarding what should be included in these documents, but you can’t form your LLC without them. They outline who will be in charge, as well as who is a founding member and who is authorized to sign legal documents on behalf of the business.
#4 Get a Tax ID
You will need to get a tax ID number from the IRS, otherwise known as an Employer ID Number (EIN). This will be necessary to hire employees, as well as to start a company bank account or create a Keogh retirement plan. To apply for a tax ID, you can use a third-party service.
#5 Apply for Business Licenses
Your state is going to require additional documentation before you can start earning money. You will want to take care of all of these licenses as soon as you get your EIN so that you can stay on top of all of your paperwork.
Overall, forming an LLC is pretty straightforward, as long as you know what to do. Make sure you check the rules for your state and keep everything as organized and detailed as possible.