How to start llc business is one of the easiest and most efficient ways to start your own company. With the right planning and guidance, you can avoid common pitfalls and set yourself up for success.
The first step is deciding on a business name. Ensure that your desired LLC name isn’t already taken by doing a search on the state database, federal trademarks, and domain names.
Once you’ve found a potential LLC name, you can reserve it with the state. This puts a 60-day hold on the name to prevent other entities from registering it.
Next, you’ll need to choose a registered agent. This is the person or company that receives all legal documents on behalf of your LLC. The default is the New York Secretary of State, but you should change this to a local trusted contact.
How to Start a Business LLC in 8 Steps
A registered agent is essential to your business. Not only will it help you respond to legal paperwork quickly, but it also protects your privacy.
If someone sues your company, the lawsuit will go to your registered agent’s address instead of your business location. This keeps you and your customers from hearing about business disputes directly from the judge or jury.
Registering Your Limited Liability Company
Once your LLC’s articles of organization have been filed and approved, the state will issue a certificate confirming that it is legally registered. This gives you a legal foundation for your business, and it can be used to obtain an Employer Identification Number (EIN) from the IRS.