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Why Form an LLC:
Everything You Need to Know about an LLC.
Advantages of Forming an LLC
- Operating an LLC can help you gain credibility with potential customers, vendors, partners, and employees.
- An LLC offers protection against personal liability, including personal assets; therefore, an LLC is the preferred business type when liability is an issue, i.e. when the company hires employees.
- Owners will not be personally liable for decisions or actions taken by the LLC. When your company expands, seeking funding is a much more straightforward process.
How to Set Up an LLC
Pick a name for your company
First and foremost, you’ll want to ensure that no one else has taken the name you wish to use.
File the proper paperwork
Documents such as the certificate of organization are required to be filed in your state. Operating Agreements are not required to be filed in all states.
Choose a registered agent
This is a requirement where an individual or company accepts legal service on your behalf.
Obtain your EIN
This is always a requirement, particularly for tax purposes. You’ll need this to conduct business, open a business bank account. and credit cards.