The 5 Key Steps to Forming a Limited Liability Company
A limited liabilitycompany , or LLC, offers an appealing way to start and operate your own business while keeping personal liability at bay. However, many people are unsure of how to form an LLC and whether it’s the right choice for them. To help you decide whether an LLC is the best legal structure for your business, this guide will cover the steps involved in forming one and what to do after you’ve filed your paperwork. Step 1 - Choose Your Name The first step in forming your LLC is choosing a name for your company. This name should be reflective of what your business does and be easy for customers to remember. You’ll also want to make sure that the name you choose isn’t already being used by another business. One way to check this is by visiting the Better Business Bureau’s website, which has a database of registered businesses available for review. Step 2 – File Articles of Organization: Once you’ve chosen your name, it’s time to register with your state government as a...