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The Curious Bag
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A limited liability company (LLC) is a legal business structure recognized by states, but not by the IRS for federal tax purposes. It will cost you between $100 and $800 to create an LLC, depending upon the state in which you create the LLC.
Determine State Requirements
Since each state has slightly different requirements and paperwork to file the first thing to do in forming an LLC is to check your state's process.
Business Entity Filing
Though the process varies by state, typically you will register your fictitious business name, fill out the necessary forms to create an LLC, and submit them with the proper fees. You can do this yourself, pay an incorporation service to do it, or hire an attorney.
Articles of Organization
Define the roles and responsibilities of each member of the LLC by completing and filing a document called the articles of organization.
Registered Agent
You need to choose a registered agent, which is a person or company that agrees to receive all official mail and service of process related to the LLC. It can be the owner or a designated third-party company.
Choosing a Tax Entity
As an LLC you can file taxes as a corporation, S corporation, partnership or sole proprietorship. To notify the IRS which entity you will be using, submit IRS Form 8832.
Source:
Limited Liability Company (LLC)
State Requirements for Forming LLC
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