3. Make an LLC operating agreement The next step is to make an LLC operating agreement. While this isn’t required in every state, it can be a helpful document for you internally. This is especially true if there are multiple LLC owners. An LLC operating agreement is something like an ou...
It only takes a few minutes to fill out the paperwork needed for your articles of organization and submit it with the fee. But you need to make sure you have a unique LLC name, and it can take a while before you come up with several potential names and run them through the Secretary ...
Choosing a name for your LLCis one of the first crucial decisions you’ll make as a small business owner in Maine. It’s the key to building quality brand recognition. YourLLC namemust communicate the business’s function and mission in a way that’s memorable and unique. There arespecific...
If you’re looking to set up an LLC somewhere with a low tax burden, look no further than Wyoming—one of only two states (along with South Dakota) that does not impose a corporate income tax or a gross receipts tax. Add to this relatively low LLC formation fees—and all those beautif...
The pass-through taxation of an LLC means that business income is not taxed at the entity level. Instead, any LLC income or loss as shown on this return is passed through to the owner(s). The owners, also called members, must then report the income or loss on their person...
Next, make sure you understand all of the state-specific taxes that apply to your LLC, such as franchise tax or sales tax. In Mississippi for an LLC owner this includes a 15.3% self-employed tax (12.4% social security, 2.9% Medicare). For more information, visit the Mississippi Department...
important for the owner of a business entity. Despite the many perks, how to start an LLC is not as simple as it often seems. There are several business and legal requirements that you need. Nonetheless, we will provide a six-step guide that can make this process as painless as possible...
Before choosing a name for your business, make sure that it doesn't open you up to potential legal troubles from existing companies. Keep in mind that most states allow you to reserve a name temporarily, even if you aren't yet ready to create your LLC. Simply submit your state's name ...
But even though setting up an LLC in Maryland has fewer administrative hurdles than a corporation, Maryland LLC registration still requires you to clear some bureaucratic hurdles. If you’ve never started a business before, it can make you feel as stuck as being in a rush-hour traffic jam on...
In most cases, you’ll want a domain name and social media handles that correspond with your LLC’s legal name or DBA to make it easy for customers to find you. Shopify’s domain name generator can help.2. Create a business planA...