How to Apply for Limited Liability Corporation
Forming a Limited Liability Company or Corporation (LLC) is a way for business owners to protect both their company and personal assets through its unique structure. There are also a number of tax benefits to owning a LLC, and the owner gains the ability to acquire business credit and banking accounts for his company needs. Creating a LLC can be done either by the owner or through securing the services of a firm that specializes in filling out the required state documents.
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Instructions
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Visit the website of USA.gov: Incorporate Your Business (see Resources below.)
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Select your state from the choices listed at USA.gov. You will then be sent to the appropriate government body's website to start the process of creating your LLC. These departments are typically Secretary of State or the Corporations Commission. Remember you can choose to form an LLC in a state other than the one in which you live or do physical business within.
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Download and print required forms as instructed by your state of choice. These are usually for formation of LLC and name reservation. You may need to call or search as instructed by your state to make sure the LLC name you want for your company is not already taken.
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Fill out all required forms, providing data such as your company name, desired LLC name, addresses, owners and nature of your business.
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Mail the forms and payment (as of 2009, it was $90 for the LLC formation and $75 for the name reservation application in states such as Delaware) as instructed on your paperwork. The fees are typically payable through business check or money order.
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Wait about 30 days to receive your LLC documents in the mail.
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Hire a company to do the paperwork for you as an alternative to doing it yourself. IncFile and Incorporate Time are just two of the firms that specialize in helping people create a LLC. These companies usually charge $50 to $100 for their services, in addition to standard state fees. However, rush services may also be available for extra cost to those who want to quickly form a LLC.
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Tips & Warnings
Remember to renew your LLC and name reservation each year to stay in good business standing.
