Before we tell you how to register an llc, let us discuss where first you have to make it. First of all, you form it in your particular state, where you are running your trade and business activities. This entails: having a legal place in your state, such as a shop or an office. You will also be required to register it at the office, pay taxes for it and pay an annual filing fee. All these can take time and if not filed correctly, you can be penalized by your state.
After that, you can continue with the next step which is to file an 'Articles of Organization' with the appropriate authority. You do this by going to your state's corporate commission and filing the necessary papers. The next step that follows this step is to appoint one or more people as the sole officers of your LLC, namely, you (as its statutory agent) or another person who is legally permitted to act on behalf of your LLC. If you are using a bank as your financial institution, you will have to provide them with a copy of the Operating Agreement and other relevant documents that are filed with your state's corporate commission.
The third thing that you have to do in how to get an llc is to file all the related information with your tax authority. Just remember that you will have to pay for this service because you are now the one who has to pay for the LLC's taxes. One of the ways to do this is to use a 'creative' budgeting plan so that you won't have to pay too much. So, in this option, you will need to inform your accountant or your tax preparer of your intent so that they can do the necessary preparation and paperwork accordingly.
How to Get an LLC
If you want to avoid paying for this service, you can go about this in two ways. First, you can choose not to incorporate at all, which is by far the easiest and least expensive way to start an LLC. However, if you don't know what incorporating means and what types of paperwork you have to do when you do so, you can always go about incorporating via 'in-soliciting' an existing company. Most companies that offer incorporation services also offer these services, and you will have to pay them a fee for this.
In case you don't have the cash to spare, you can always use the services of an 'in-solicitor' instead. An in-solicitor is an attorney who is allowed to act as the statutory agent for a limited liability company even when you aren't one. Because an in-solicitor is not authorized to act on your behalf, he must file all the necessary paperwork with the IRS, which you will have to do on your own. You'll have to pay a registration fee, an initial filing fee, and an additional filing fee when you incorporate through an in-solicitor. It's definitely worth it if you have the money, but not everyone has, so be careful.
One other option that you can choose is to just hire an accountant to file your papers. While you won't pay as much as an in-solicitor, you'll have to pay the fees of an accountant separately and you'll have to pay the standard S corporation commission. Also, since you're not using your own personal assets to finance your LLC, the tax benefits of an in-solicitor will not apply to this option. However, it is an option worth exploring if you're concerned about the costs.
The second option is to hire a registered agent. As its name suggests, this is another way of incorporating, but it has its own advantages as well. First, you'll need someone with standing credentials to act on your behalf, and the individual must reside in your state. Registered agents also eliminate some of the confusing paperwork that comes with incorporating an LLC. They also provide the only way to avoid the costly penalties that accompany any noncompliance with the new law, which includes the self-dealing clause.
These are the two main ways to incorporate an LLC. There are many more options available, including the Internet, and learning about them is a great way to improve your education and prepare for the licensing exam. Just remember, how to get an LLC is not quite as simple as the law allows. There are many hoops to jump through and it can be confusing at times. If you're not confident in your knowledge, it's best to leave the task up to someone else to do it for you. Make sure that whoever you hire has all the necessary licenses, and that they're completely knowledgeable about the new laws regarding how to incorporate an LLC.
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