How To Form an LLC
Watch more How to Start a Business videos: http://www.howcast.com/guides/49-How-to-Start-a-Business Subscribe to Howcast's YouTube Channel - http://howc.st/uLaHRS Form an LLC to protect your assets from falling victim to lawsuits, while reaping tax breaks. Howcast uploads the highest quality how-to videos daily! Be sure to check out our playlists for guides that interest you: http://howc.st/ytmainplaylists Subscribe to Howcast's other YouTube Channels: Howcast Health Channel - http://howc.st/HOE3aY Howcast Video Games Channel - http://howc.st/tYKKrk Howcast Tech Channel - http://howc.st/rx9FwR Howcast Food Channel - http://howc.st/umBoJX Howcast Arts & Recreation Channel - http://howc.st/vmB86i Howcast Sports & Fitness Channel - http://howc.st/vKjUjm Howcast Personal Care & Style Channel - http://howc.st/vbbNt3 Howcast empowers people with engaging, useful how-to information wherever, whenever they need to know how. Emphasizing high-quality instructional videos, Howcast brings you experts who provide accurate information in easy-to-follow tutorials on everything from makeup, hairstyling, nail art design, and soccer to parkour, skateboarding, dancing, kissing, and much, much more. Warning Laws vary by state. Always consult an attorney for expert, specific legal advice. Step 1: Decide on name Decide on a business name. Conduct research on your state's website to find business name availability and proper designators. Step 2: Pick up "Articles of Organization" Pick up the "Articles of Organization" (referred to in some states as "Certificate of Formation") at the LLC office located in your state or on your state's website. Otherwise have it mailed or faxed to you. Step 3: Fill out articles of organization Fill out the articles of organization or certificate of formation. Tip Before submitting the application, consult an attorney to write up an operating agreement, especially if more than one person is involved in founding the LLC. Step 4: Publish notice Check to see if you are required by your state to publish a notice of your intent to form an LLC. Step 5: Drop off, mail, or fax articles of organization Drop off, mail, or fax the completed articles of organization and include a check or credit card information for the filing fees. Step 6: Get an EIN number Get an Employer Identification Number, or EIN, from your local Internal Revenue Service by calling 800-829-4933. Tip Go to irs.gov to apply for an EIN number, and enter your EIN in the search box. Step 7: Wait for review Wait for the review process to be completed, normally anywhere from 5 to 10 days. Now you're in business. Did You Know? The first state to enact an LLC statute was Wyoming in 1977, followed by Florida in 1982.