LLC & Corporation Setup
You should give careful thought and consideration before setting up a legal entity. This decision comes with some required responsibilities and task that you must be willing to do to maintain a legal entity each year.
Here are the most common ways to organize a business entity:
- Sole proprietorship
- Limited Partnership
- Limited Liability Company (LLC)
- Corporation – For Profit
- Corporation – NonProfit
The state laws & requirements for setting up an LLC or Corporation vary from state by state. To find out the requirements for forming an LLC or Corporation in your state, choose your state from the list below. You will find all the specific information & requirements on their website. The steps below are typical in setting up a legal entity for your state. This process will vary slightly from state to state.
1. The very first step in setting up your business is to choose an available business name.
2. Search existing business entities to see if your chosen name is available.
If your name exists, then you must choose a different name. If no business exists, then you can register that business name.
3. File Articles of Organization/ Incorporation
4. Comply with IRS Tax Laws & Local Requirements –
Business EIN – If your business has more than one member, you will need to get an IRS Employer Identification Number (EIN) for it, even if the LLC has no employees.
Business License – If your county requires a business license, you must register your business with them
Choose Your State Below