Set Up an LLC
How to set up an LLC for Free Six Steps to set up an LLC for Free. Gather Information. Get a Business Name and Address. Get the Formation Document From the Secretary of State Website. Get a Registered Agent. Look at Other LLC Formation Options. LLC Paperwork: Fill Out and File the Formation Document.
Below are the steps to set up an LLC: Choose a name for your LLC. File Articles of Organization. Choose a registered agent. Decide on member vs. manager management. Create an LLC operating agreement. Comply with other tax and regulatory requirements. File annual reports. Out of state LLC registration.
Follow these ateps to set up an LLC for my trucking company: 1) Choose an LLC name. 2) Designate a registered agent. 3) File your formation documents with the state. 4) Acquire an EIN. 5) Create an LLC operating agreement. 6) Create a financial infrastructure. 7) Handle taxes, licenses, and permits.
You can't avoid self-employment taxes entirely, but forming a corporation or an LLC could save you thousands of dollars every year. If you set up an LLC, people can only sue you for its assets, while your personal assets stay protected. You can have your LLC taxed as an S Corporation to avoid self-employment taxes.
Any person starting a business, or currently running a business as a sole proprietor, should set up an LLC. This is especially true if you're concerned with limiting your personal legal liability as much as possible. LLCs can be used to own and run almost any type of business.