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5 Steps To Setting Up A LLC Corporation

The process of setting up a LLC corporation is not that difficult. If you have all ready decided what your business will consist of, and just need to take the necessary steps of making it legal then you are almost there! There are only a few steps left to go and below you will find each one laid out in detail for you.

Business Name Choosing the name of your LLC Corporation is important. Make sure that the name is relevant to the line of business you are opening, and also that it is available.

Paperwork Be sure that you fill out the necessary paperwork that you need to file in order to become a LLC corporation. If you are unsure of what forms to use, or just in general how to go about completing the required paperwork, you can hire a business attorney that will get this done for you. While you might end up paying a pretty penny if you hire an attorney, it may be worth it to you if want to make sure that the paperwork is filled out and filed correctly.

Business License Once you have completed the first two steps, you will be ready to start looking for your business license to come in the mail. Once approved by the state, they will mail your license out to you.

Tax ID- While you are waiting for your LLC corporation license to come in the mail, you can call the IRS and go ahead and get your Tax ID number for your new LLC over the phone.

Last Step- Once you have your license in the mail, and your tax ID number and papers from the IRS, you will want to file all of this paperwork in a safe place. Now, you are ready for business!

4 Tips to LLC Formation

So you think you have made up your mind that a LLC formation is what you want and need for your business. Becoming an LLC is a huge and exciting step for someone that is just starting out in the business world. It means that you can actually operate legally, and be covered as a business in most every aspect. There are just a few things that you should know about forming a LLC, and they are listed below for you.

First Step- The first step you need to make in LLC formation is actually deciding on what kind of business you are going to have. Will you sell a service? Will you design and sell a product? Taking that first step is a big one, and usually the start up cost of the business is the largest factor when making this decision.

Step Two- Running the LLC. You will need to decide who and how the LLC formation will be ran. Will you run the business yourself? Who will own the LLC? Will you rent office space or run it from your home? Making these decisions will have a huge impact on your business, and they should not be put on the back burner.

Step three- Now that you have these first two specifications lined out for your LLC formation, you are ready to actually get the paperwork done. This step is one that you can do yourself online, or you can have someone do it for you. Whichever you choose.

Step four- Once you have filed the paperwork with the secretary of your state, you are ready to go! All you need now is a Tax ID number for your new LLC formation and the license that the secretary of the state will send you in the mail.

Submitted by:

Stephanie Hetu

Find more information about LLC Corporation at http://www.llc-explained.com.




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