File Form 8832 to tell the IRS how you want your LLC to be classified. If you and your spouse are the sole owners, you may choose to be treated as either a corporation or a partnership. You may elect to have one spouse own the LLC and classify the other spouse as an employee, in ...
You can think of anLLC Operating Agreementas a “companion” document to the Articles of Organization. The Articles of Organization creates your LLC, and the Operating Agreementshows who owns the LLC. Additionally, some banks require your LLC’s Operating Agreement when you open anLLC bank accoun...
Starting an LLC, step-by-step To start an LLC in Connecticut, file a Certificate of Organization with the Connecticut Secretary of State. This costs $120 and takes 3 days for approval. Here are the 5 steps to form an LLC: Choose an LLC Name Select a Registered Agent File a Certificate...
Step 1—Collect your records Step 2—Find the right form Step 3—Fill out your form Click to expand Key Takeaways Before filling out any tax form to report your business income, gather all records—paper or electronic—that pertain to your business earnings and expenses. If you ru...
Hire a company to form your LLC: Northwest($39 + state fee) LegalZoom($149 + state fee) CONTENTS SHARE 5. Get an EIN for your LLC The next step is to get aVermont EIN Numberfrom the IRS for your LLC. Note: An EIN Number is also called a Federal Tax ID Number or Federal Employe...
How is an LLC maintained? To form an LLC, must it be registered with the state? Who manages an LLC? Find out how to start an LLC in your state Click on the state below to get started Created with Raphaël 2.1.2ALAKAZARCACOCTDEDCFLGAHIIDILINIAKSKYLAMEMDMAMIMNMSMOMTNENVNHNJNMNYNCNDOH...
Alimited liability company (LLC)is a popular choice among small business owners for the liability protection, management flexibility, and tax advantages this form of business entity often provides. Understanding the benefits and disadvantages of an LLC, how to start an LLC, where to...
Single-member LLCs that do not elect to be taxed as a corporation are considered disregarded entities, which are taxed the same way as sole proprietorships. Both sole proprietors and single-member LLC owners fill out Form 1040, the document used to file an income tax return, to report prof...
Specify your business entity type on the form. The choices typically include sole proprietor, partnership, LLC or corporation. Provide any other information requested on the DBA form. In some areas, you'll be asked to provide a brief statement describing your company's products or services. Some...
File your articles of organization. To make your LLC official, you’ll need to fill out an articles of organization form from your state that includes the LLC name, registered agent, names of members, and other basic information. You’ll file this with the secretary of state, often in the...