How To Register Business As Llc

Forming an llc is not difficult.

How to register business as llc. Generally an election specifying an llc s classification cannot take effect more than 75 days prior to the date the election is filed nor can it take effect later than 12 months after the date the election is filed. Once you ve received the certificate you can take care of business matters like obtaining a tax id number and business licenses and setting up a business bank account. An llc is considered as a distinct legal entity from its members. It keeps both the first and second cafe as one legal entity but with two different names. If your business is an llc corporation partnership or nonprofit corporation you ll need a registered agent in your state before you file.

If the company exists physically abroad make sure to register a foreign llc in every state where you plan on operating. Choose your llc name to do this you ll need to search the secretary of state or division of corporation website in the state you want to form your llc in to see if your chosen name is available first. The term llc stands for limited liability company. Register to do business in other states optional if your llc does business in more than one state you may need to register to do business in other states. All debts and liabilities that are incurred by the business.

The llc is subject to the state s laws including reporting and filing requirements. An llc that does not want to accept its default federal tax classification or that wishes to change its classification uses form 8832 entity classification election pdf to elect how it will be classified for federal tax purposes. Once you file to form your llc or c corporation c corp with the state that process also registers your business name. A dba can also be used by existing llcs and corporations to register other businesses under them. How to register your business as an llc step 1.

For example if you own a cafe and want to open another one under a different name you would file a dba. Creating an llc offers many benefits to business owners. An llc is a way of forming a business that allows the owners to limit their own liability for any. The registered agent must be located in the state where you register. So you want to register an llc.

It enables owners to protect their personal finances from their business liabilities. The llc must pay the state s taxes at least in connection with its in state property employees and. Fortunately it is a fairly simple process that anyone can do. If your llc has employees in a state where it didn t initially form or maintains an office or other physical presence in that state such as stores warehouses or distribution centers it usually must register to do business in that state as a foreign llc. How to form an llc.