Starting a Limited Liability Company (LLC)
If you are thinking of starting a limited liability company (LLC), below is a checklist of steps to take before you open for business. Keep in mind that your LLC’s start-up requirements might vary from the list below, depending on the specific type of business you are in, and where your business is located.
1. Decide on a business name for your Limited Liability Company (LLC). In most states, “LLC,” “Limited Liability Co.,” or a similar variation must be included in the LLC’s business name.
2. Search availability of your LLC’s chosen business name, and for similarity to existing names. Call Kehr Law today to find out how to make sure your proposed business name is available.
3. Hire a qualified business attorney to set up and represent your LLC. This is probably the most important step in starting your LLC. Do not hire or pay an online company that promises to set up your LLC for a cheap fee. Typically these companies do not provide you with a qualified business attorney or any legal advice whatsoever. A qualified business attorney should save you thousands more than you spend on them.
4. A qualified business attorney will prepare and file your LLC’s Articles of Organization with the Secretary of State office in your state, track its progress and obtain a new Federal Employer Identification Number (FEIN or EIN) for your new LLC.
5. A qualified business attorney will also draft and prepare not only your LLC’s Operating Agreement, but also all of you LLC’s initial company records and Minutes as required under state law.
6. In addition, a qualified business attorney will also help you obtain all of the proper business licenses and permits for your LLC from:
• The IRS;
• The federal government;
• Your state government;
• Your local government.
Forming a limited liability company (LLC) can be a long-term benefit to your new business in the long run, but the process can be complicated. To ensure that your new business complies with your state’s legal requirements at all steps in the LLC formation process, you should always consult with an experienced and qualified business attorney. Contact Kehr Law today at (619) 400-4942 or dan@kehrlaw.com for a free consultation!
