In recent years we have seen a steady in the number of small businesses who wish to become incorporated have become LLC (Limited Liability Company). However when it does come to creating a limited liability company you need to find out exactly what the requirements are in order to do. This is important as in the USA the requirements for forming an LLC vary from state to state.
However when it does come to creating an LLC you will soon discover that depending on how complex the organizational structure of your business is you will be able to complete the necessary paperwork within 4 hours. Below we now take a look at what it is you need do in order to get your business incorporated as a Limited Liability Company.
1. You need to obtain a copy of the LLC Articles of Organization for the state where you reside. These you can obtain from the Secretary of State’s Office. At the same time as requesting the Articles of Organization it is important that you find out whether the state in which you are incorporating your business needs you to post a notice in the newspaper regarding its incorporation.
2. Also when obtaining the Articles of Organization it is wise for you to find out if the State in which the business is being incorporated has any specific regulations or rules regarding your business name. So when you are choosing a name for your business it should be one that complies with the rules for the state where it is being incorporated.
Although most states are very flexible where the name of the business is concerned they may be a little more inflexible with other parts to the name. In some states you may find that words such as “Insurance”, “City”, “Corporation” or “Incorporated” are not allowed to be used. Plus at all times the name for your business must end with LLC. You can either have it as “LLC” or “Limited Liability Company”. As well as ending in LLC you can not have a name for your business which is the same as any other that has already been filed in the state where you will be filing your Articles of Organization.
3. Once the name has been chosen and the rules and regulations thoroughly checked you will now be able to start filling out the LLC Articles of Organization forms. This relatively simple to do as the only things you need to notify the state of with regard to you creating a Limited Liability Company in the state where it is to be incorporated are as follows:- a. Its name b. The purpose of the business c. Where the businesses principle office is d. Who is your registered agent for receiving all legal documentation relating to the business e. Plus the names of those people who are members of the business when you are initially creating an LLC.
So as you can see from above when it comes to creating a limited liability company the steps you will need to take are relatively simple.