If you’re ready to start a new business, you may want to consider creating an LLC. This legal structure offers many benefits, including limited liability protection for owners and creditors.
To form an LLC, you need to pick a name and file articles of organization with the state. These documents establish the legal details of your LLC, such as its purpose and members.
Pick a name
Your business name is one of the most important things about your company. It sets the tone for your brand, attracts customers, and helps you stand out in your industry.
Choosing a name that will work well for your business requires some planning. It should be able to grow with your business as you scale.
Your business name should also be available and accurate, which is why you should check with your Secretary of State to make sure it’s not already spoken for by another company in your state. You can even reserve a name for a small fee before filing to prevent someone from taking it before you.
File Articles of Organization
One of the first steps you need to take to legally form your llc is to file articles of organization. These documents outline your business’s basic details and must be filed in the state where you plan to operate.
Each state has different requirements for what information you need to include in your articles of organization, so it is important to make sure that you meet all of them.
In addition, you may be required to designate a registered agent. This is a person or entity that receives and accepts legal documents on behalf of your LLC.
The procedure for filing articles of organization varies by state, but the process is usually pretty straightforward. Some states even allow you to file online.
Designate a registered agent
A registered agent is a person or company you designate to receive legal paperwork and government notifications on behalf of your llc. This is critical because it ensures that your llc receives essential, time-sensitive information such as annual state filings and lawsuits.
When you form an llc, you will list your registered agent in the Articles of Organization filed with the state. This is the document that officially registers your llc and confirms your business name, structure and ownership.
You can designate a private individual to act as your registered agent, or you can hire a registered agent service company. The registered agent service company usually charges a fee and will accept legal papers, tax notices and other important correspondence on your behalf.
File an annual report
Many states require an LLC to file an annual report. This document confirms and updates information about your business to the state.
If you don’t file your LLC’s annual report on time, you could face fines and a risk of dissolution. Check your state’s website to find out when yours is due.
In California, for example, LLCs must file a statement of information within 90 days after filing articles of organization. They must then file a biennial report every two years.
Set up a business bank account
Business bank accounts help you professionally manage your business finances and separate your company’s funds from your personal ones. They also make it easier to deposit payments under your LLC’s name and accept credit card payments without the need for a third-party payment service.
A business bank account can also help you establish a strong credit profile for your llc. This can be important if you want to apply for business loans or trade credit in the future.
Run a press release
A press release is an easy way to get news about your business in front of the media. It can be used to announce a new hire, product or service, or merger and acquisition.
A press release should have a headline that grabs attention and explains clearly what the story is about. It should also have a clear call-to-action that tells readers what to do next.
When writing a press release, start with the most important information first and end with the least. Using this reverse pyramid formula will make it easy for journalists to understand your message and keep them engaged throughout the process.
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