5 Steps to Take When Forming an LLC

1 min read By James Williams
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1. Choose Your Business Name

Ensure the name is unique and complies with your state's LLC naming rules. Most states require "LLC" or "Limited Liability Company" in the name.

2. File Articles of Organization

Submit the required formation documents (usually called Articles of Organization or Certificate of Formation) to your state's filing office, typically the Secretary of State.

3. Create an Operating Agreement

An operating agreement outlines ownership, management, and operating procedures. Even single-member LLCs benefit from having one.

4. Obtain an EIN

Apply for an Employer Identification Number (EIN) from the IRS. It's free and can be done online.

5. Comply with Ongoing Requirements

Stay compliant with annual reports, state fees, and any licenses or permits required for your business type.

Consult with an attorney for guidance specific to your situation.