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Setting Up an LLC Company

A limited liability company is a form of business organization that is governed under state, not federal, law. LLCs provide a degree of asset protection for its members while leaving open a degree of flexibility for business operations. In most states, setting up an LLC is a very simple process.

Submit the articles of organization and any required filing fee to the appropriate state office. Most states permit filing by mail, email and fax with a credit card to pay the fee.

Complete the LLC's articles of organization--this is the basic legal filing to establish the company. Although the articles can take any form required by the state government, most states have pre-printed templates that meet the filing requirement. Check your state's business-development office for specific forms and instructions.

Determine whether a separate employee employee number is appropriate for the LLC's business purposes. EINs are assigned by the Internal Revenue Service. Many banks require an EIN to open a commercial-class checking account. An EIN can be obtained at no cost online; the IRS will immediately assign a number.

Determine the official address and phone number for the LLC, as well as which members of the LLC will be considered principal officers according to state definitions.

Develop stationery sets, business cards, and other basic marketing materials, as needed.

Develop a business and marketing plan. Sample business plans are available online through the U.S. Small Business Administration. A business plan defines the scope of products and services, as well as projected financial performance, for the company, and is often required before a lender will provide commercial credit to the new LLC.

Difficulty: Moderately Easy

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