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Limited Liability Company (LLC) - Form An LLC
While each state has slight variations to forming an LLC, they all adhere to some general principles:
Choose a Business Name. There are 3 rules that your LLC name needs to follow: (1) it must be different from an existing LLC in your state, (2) it must indicate that itís an LLC (such as ìLLCî or Limited Companyî) and (3) it must not include words restricted by your state (such as ìbankî and insuranceî). Your business name is automatically registered with your state when you register your business, so you do not have to go through a separate process. Read more here about choosing a business name on Business.gov.
File the Articles of Organization. The ìarticles of organizationî is a simple document that legitimizes your LLC and includes information like your business name, address, and the names of its members. The form is provided by and filed with your stateís LLC office. For most states, you file with the Secretary of State. However, other states may require that file with a different office such as the State Corporation Commission, Department of Commerce and Consumer Affairs, Department of Consumer and Regulatory Affairs, or the Division of Corporations & Commercial Code. Note, there may be an associated filing fee.
Create an Operating Agreement. Operating agreements are not required by most states and are not filed at your state office. However, an operating agreement is highly recommended for multi-member LLCs because it structures your LLCís finances and organization, and provides rules and regulations for smooth operation. Percentage of interests, allocation of profits and losses, memberís rights and responsibilities, and other provisions are usually included here.
Obtain Licenses and Permits. Once your business is registered, you must obtain business licenses and permits. Regulations vary by industry, state and locality. Use the Licensing & Permits tool on Business.gov to find a listing of federal, state and local permits, licenses, and registrations you'll need to run a business.
Hiring Employees. If you are hiring employees, read more about federal and state regulations for employers.
Announce Your Business. Some states, including Arizona and New York, require the extra step of publishing a statement in your local newspaper regarding the formation of your LLC. Check with your stateís business filing office for requirements in your area.
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Register A Limitied Liability Company in South Carolina
You will need the following to Rregister a LLC in the State of South Carolina:
ï Unique name of company (i.e., the distinct name of the limited liability company)
ï Address of the initially designated office in South Carolina
ï Industry Classification (NAICS Code)
ï Name and address of registered agent in South Carolina
ï Name, SSN and address of each organizer
ï Whether or not the company is a term or perpetual company
ï Whether or not the company is a manager-managed company
ï Whether or not one or more of the members of the company is liable for its debts and obligations under Section 33-44-303(c)
ï Signature of a member or, if manager-managed, the manager on the Signature Form, which can be printed from SCBOS and faxed or uploaded to the Secretay of State
ï Optional provisions of the Articles of Incorporation, which can be faxed or uploaded to the Secretary of State
ï Federal EIN number
ï Name, SSN and address of each member
ï Information about the previous owner if the business was acquired
ï The Doing Business As (DBA) name, phone number, physical address, mailing address, and record address for each location in South Carolina
ï Account Number and routing number (for EFW payments) or credit/debit account number (for credit/debit card payments) and other applicable payment information
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Start A New LLC Online
Limited Liability Company Online
* Articles of Organization (signed by one or more organizers) and a Certificate of Publication must be filed with the Department of State.
* Personal liability is limited, for members.
* The life-span of the business may be for a designated period stipulated in the Articles of Organization; OR until a dissolution event occurs and the company takes no action to continue.
* For purposes of taxation* an LLC can elect its classification for federal tax purposes. An LLC with two or more members can elect to be an association (corporation) or a partnership; an LLC with one member can elect to be an association (corporation) or elect to be disregarded as an entity separate from its owners (in effect, to be treated as a sole proprietorship for federal tax purposes.)
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Domestic Alabama LLC Filing
Alabama LLC Filing Fee
Secretary of State: $40.00
Minimum Probate Judge fee: $35.00
Domestic LLC Procedures
Your corporate name must end with the words Limited Liability Company or an abbreviation of these words (L.L.C. or LLC).
File the original and two copies of the Articles of Organization in the county where the LLC's registered office is located.
The Probate Judge will collect the Secretary of State filing fee and forward it, along with the filed copy, to the Secretary of State.
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Start A New Nexico LLC
LIMITED LIABILITY COMPANY (LLC) in New Mexico
A limited liability entity is comprised of
"members". Liability of members is limited to the
amount of their investment similar to shareholders
in a corporation. Members may be individuals
or entities. The limited liability tax treatment is
determined by the new "check the box rules". The
limited liability entity files articles of formation
with the Public Regulation Commission. An operating
agreement among members is recommended.
If an agreement doesn't exist, statutory scheme
applies.
Advantages:
ï Limited liability of members
ï Flexibility in management -
board of directors not required
ï Members can be entities (unlike SCorp)
ï Preferential distributors among members
(unlike SCorp)
Disadvantages:
ï New entity - many undecided legal and
tax issues
ï Uncertain whether single member LLC
possible under New Mexico law. Some
States do not recognize.
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