Form an LLC

What is an LLC?

A Limited Liability Company (LLC) combines the best features of corporations and partnerships. Created in Wyoming in 1977 and now recognized in all 50 states, an LLC offers liability protection like a corporation but with simpler taxation and fewer formalities.

Key Features

Protects personal assets with limited liability protection

Pass-through taxation by default

No stock certificates or complex corporate formalities

Managed by 'members' instead of directors and officers

Flexible management structure

Can be owned by individuals, corporations, or other LLCs

Formation Requirements

To form your LLC, we'll need:

  1. 1.Company name and alternate choice (must end with 'LLC', 'L.L.C.', or 'Limited Liability Company')
  2. 2.Business purpose
  3. 3.Contact and shipping information
  4. 4.Business address
  5. 5.Registered agent name and address
  6. 6.Management structure (member-managed or manager-managed)
  7. 7.Names and addresses of members or managers

After Formation

Important steps after forming your LLC include:

  • Holding an organizational meeting
  • Adopting an operating agreement
  • Obtaining a Federal Employer Identification Number (FEIN)
  • Opening a business bank account
  • Securing necessary business licenses
  • Completing state-specific requirements