Publish a notice of intent in a local newspaper to make your LLC official, but few states require this step. Secure the necessary permits and licenses to operate your business. Choose a Name for Your LLC The nam
Start your LLC: 1. Select a State 2. Name your LLC 3. Choose a Registered Agent 4. File Articles of Organization 5. Make an Operating Agreement
LLC stands for “limited liability company”. It is defined as a business structure that is allowed by state statute that combining some elements of a sole proprietorship or partnership with aspects of a corporation. This unique classification, like a corporation, enables an LLC to be considered ...
Transfer the assets and debts of your LLC to your nonprofit corporation. If your state permits the filing of an Articles of Conversion, your LLC will automatically become a corporation, and the assets and debts of your LLC will automatically transfer to your new corporation. If you file an Ar...
It takes just seven steps to form a Wyoming LLC. Check out our guide for how to form and run a successful Wyoming business.
Note: It is possible for an LLC (as well as a corporation) to lose its limited liability. This is known as “piercing the veil”. For more information, see How to avoid piercing the corporate veil. Related: Single-member LLC vs. sole proprietorship, LLC vs. partnershipFlexible...
Making the decision tochangeyour business structure from acorporationto aLimited Liability Company (LLC)can be a smart strategic move for many companies. Whileconvertingacorporationto anLLCmay seem complicated, the process is actually straightforward in most states. ...
Members of an LLC taxed as a C corporation (C corp) or an S corporation (S corp) can't make an owner's draw. Instead, the LLC can pay them a reasonable salary. Paying yourself from an LLC allows you to receive regular reasonable compensation throughout the year, which can be helpful...
1. Choose a name for your LLC Before settling on a name for your LLC, check your state’s business database to make sure it’s available. Each state has its own naming rules. Most states don’t allow duplicate LLC names and may require you to include “LLC” or “Limited Liability ...
The first step you need to take when creating your LLC is to choose a name! Though this may sound simple, there are a few things that you should keep note of: Make sure that your name ends with “LLC”. Check to make sure your LLC name isn't taken already. (You can do this wit...