Steps to Start an LLC
Now that we understand the benefits let’s delve into the step by step process of starting an LLC:
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1. Choose a Name
2. File Articles of Organization
3. Create an Operating Agreement
4. Obtain Required Permits and Licenses
5. Get an Employer Identification Number (EIN)
1. Steps to Start an LLC
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Choose a Name
Select a unique and compliant name for your LLC that reflects your
business identity.
File Articles of Organization
Prepare and file the necessary formation documents, such as the
Articles of Organization, with the appropriate state agency.
Create an Operating Agreement
Draft an operating agreement that outlines the ownership, management,
and operating procedures of your LLC, as well as the rights and
responsibilities of the members.
Obtain Required Permits and Licenses
Identify and apply for any necessary permits and licenses specific to
your industry or location to legally operate your LLC.
Get an Employer Identification Number
Apply for an EIN from the IRS, which is a unique identification number
used for tax purposes, hiring employees, opening bank accounts, and
filing tax returns for your LLC.
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