![]() #Setting up an llc freeThere are six main sections of an operating agreement:įor a complete online guide as well as free operating agreement templates and a free custom operating agreement tool, read our What is an LLC Operating Agreement article. STEP 5: Create an LLC Operating AgreementĪn LLC operating agreement is a legal document that outlines the ownership structure and member roles of an LLC.Īlthough most states don’t officially require you to have an operating agreement, it's still a good idea to create one when forming an LLC. Before choosing a management structure, read our member-managed vs manager-managed guide. Now is a good time to decide whether your LLC will be member-managed or manager-managed. To find out what the Articles of Organization filing fees are for your state, visit our LLC Cost guide. The average state filing fees are about $100 to start an LLC. You can complete the information on the formation documents yourself (you can file online or by mail) or hire an LLC formation service to file for you. In some states, the Articles of Organization are known as the Certificate of Formation or Certificate of Organization. To officially create an LLC, you'll need to file your formation documents with the state's business division, usually the Secretary of State. STEP 4: File LLC Articles of Organization #Setting up an llc professionalWe also recommend hiring a professional registered agent service to provide you with peace of mind and help you stay compliant with the law. Read our What is a Registered Agent article to learn more about choosing a registered agent. Your registered agent must be a resident of the state you're doing business in, or a corporation authorized to conduct business in that state. Most states require every business to nominate a registered agent when forming an LLC. These documents include official correspondence like legal summons and state filing notices. STEP 3: Choose a Registered AgentĪ registered agent is a person or business that sends and receives legal papers on behalf of your company. Then, create a logo with our Free Logo Generator. #Setting up an llc how toTo learn more about naming your business, read our How to Name a Business guide.įor business name ideas, check out our Business Name Generator. Bank, Attorney, University) may require additional paperwork and a licensed individual, such as a doctor or lawyer, to be part of your LLC. Your company name can't include words that could confuse your LLC with a government agency (FBI, Treasury, State Department, etc.).Your company name must include the phrase "limited liability company," or one of its abbreviations (LLC or L.L.C.). ![]() These are some common state LLC naming rules: You'll need to complete a business name search online to make sure your LLC name is unique and you'll need to meet your state's naming guidelines. ![]() Choosing a business name is the first step in forming an LLC. ![]()
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