Have you found yourself feeling the entrepreneurial itch? Do you have a great idea for a product or service that you can simply no longer ignore? If so, it may be time to explore the idea of starting your very own business. Before you can officially launch your enterprise, however, there are a handful of matters that you will need to take care of first. If your plan is ambitious, you are going to want to hire a team of seasoned professionals who can help your business grow. You will also need to think about how you will market your business–do you have a website? How is your social media presence? Another matter to ponder will be how to legally structure your organization, and you may be wondering, how do I start an LLC company? Limited liability companies (LLCs) are popular among business owners, so it makes sense that you would weigh this formation for your enterprise.
Why should you consider creating a limited liability company? Well, there are a couple of factors that you will want to consider. One reason entrepreneurs tend to favor the LLC structure is that it is pretty easy to set up and maintain. LLCs are also available in all 50 states, which comes in contrast to, say, limited liability partnerships (LLPs). In an LLC, you and the other members will also be granted limited liability, which means that you can protect your personal assets from any legal judgments (bankruptcy, lawsuits) against your business. The Internal Revenue Service (IRS) also considers LLCs to be “flow-through” entities, meaning that profits generated by your LLC are not taxed until they flow through to the members (owners), who in turn pay personal income taxes.
How Do I Start an LLC Company: Getting Started
If you have done some background work and assessed all of your business formation options, you may have landed on the LLC as the most logical choice for you. Before you can make your LLC official, you will first need to address some practicalities. Your first order of business should be to check with your state’s Secretary of State office to see what is required in terms of forming an LLC. Your state may have specific rules about naming conventions, and they may also have annual reporting requirements that you will want to be aware of.
It varies a bit depending on the state, but typically an LLC is made official by drawing up what are called “articles of organization.” This document will include some foundational information about your business, such as its name and address, as well as some basic details about your LLC’s members. You will also want to provide some information on your registered agent, which is the person tasked with receiving all legal correspondence on behalf of your business.
Use Our Online Forms to Create Your LLC
Is an LLC right for you? Use our online forms today and you could be up and running in no time. Simply locate your state from our side navigation menu and you will be brought to an easy-to-use, fillable form. If you have any questions, please contact us by email today.