For some, the call of entrepreneurship is difficult to resist. If the idea of being your own boss and being in charge of cultivating your own livelihood is appealing to you, it may be time to think about starting your own business. While committing to this idea is a great first step, there are a number of logistical challenges and practical matters that you will need to take care of. One decision you will want to make early on is how you will structure your business. Does a sole proprietorship make sense? Are you going into business with a partner? Maybe you are wondering how to make a Limited Liability Company (LLC)?
The structure that you land on will ultimately depend on your business and its specific needs. For many, an LLC is a logical starting point. Due to their ease of setup and numerous benefits, LLCs are incredibly popular among business owners. If you think an LLC is right for you, it is helpful to understand how you can build yours from the ground up.
How to Make a Limited Liability Company: Getting Started
Starting your own LLC requires hard work and a lot of planning. At the outset, you will want to craft a business plan that ensures the viability of your enterprise. What is the product or service you are offering? Who is your typical customer or client? What does your overhead look like? These are just a few basic questions you will want to answer.
Another preliminary item to address is which state you will be forming your LLC in. Most often, it makes the most sense to form your LLC in the state you will be conducting most of your business in. In some situations, though, you can opt to form your LLC elsewhere. You may have to meet foreign LLC requirements when going this route, but depending on the nature of your business, it may make sense for your bottom line.
Submitting the Correct Documentation
With your basic business plan in place, you can begin the process of registering your LLC. It can vary depending on your state, but the document you will have to complete is often called “Articles of Organization”. This paperwork should include the name of your business, the names of the members of your LLC, the name of your registered agent (the individual responsible for receiving legal correspondence), and the mailing address of your business.
Once this document has been completed, you can submit it to the appropriate state office. Most commonly, this is done through the Secretary of State. While LLCs are available in all 50 states, each jurisdiction has their own requirements. You will want to check with your state’s compliance requirements ahead of filing your documentation.
Form Your LLC Online
At Corporation Center, we make it easy to form your LLC online. We offer easy-to-use web forms to establish LLCs in all 50 states. If you have questions about our services, please feel free to contact one of our helpful customer service agents today.