Forming a Limited Liability Company (LLC) - Step by Step Guide

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					This is a step-by-step guide on how to form a Limited Liability Company ("LLC"). LLCs
are often the most beneficial classification for business entities because they provide for
the limited liability of corporations while having the benefits of partnership taxation. In
order for the LLC to be valid, they must have an operating agreement and must file the
Articles of Organization with the Secretary of State. This step-by-step guide on how to
form an LLC is ideal for small businesses that want to operate as an LLC.
LLC Guide Table of Contents
How to use this Guide: ........................................................................................................ 0
Do I need a lawyer to form an LLC? .................................................................................. 0
How do I find a reputable law firm? ................................................................................... 0
Frequently Asked Questions ............................................................................................... 1
  What is an LLC? ............................................................................................................. 2
  Are LLC’s new to the business? ..................................................................................... 2
  How do I form an LLC?.................................................................................................. 2
  What is a single-member LLC? ...................................................................................... 3
  Who should consider forming an LLC?.......................................................................... 3
  Where should I form my LLC? ....................................................................................... 3
  How do I decide if I should form an LLC or an S corporation? ..................................... 4
  What is the difference between an LLC and a partnership? ........................................... 4
  Where can I view rules for LLC’s?................................................................................. 5
  Who controls an LLC? .................................................................................................... 5
  How many people are required to form an LLC? ........................................................... 5
  What is an Agent for the Service of Process? ................................................................. 5
  What is a publication requirement for an LLC? ............................................................. 6
  Where can I view further information about LLC’s and corporations?.......................... 6
  How are LLC’s taxed? .................................................................................................... 6
  Choosing a name for your LLC ...................................................................................... 7
Steps in Forming an LLC .................................................................................................... 7
Advantages s. Disadvantages of Forming an LLC ............................................................. 8
  Advantages ...................................................................................................................... 8
  Disadvantages ................................................................................................................. 8




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                     A GUIDE TO FORMING A LIMITED
                        LIABILITY COMPANY (LLC)

HOW TO USE THIS GUIDE:

       As a business owner, there are many important business decisions to make with regard to
your company. But perhaps one of the first and most important decisions you will make is how
to structure your company.      A limited liability company has some of the attributes of a
corporation and a partnership. Based on your unique set of circumstances it may be an option to
co
				
DOCUMENT INFO
Description: This is a step-by-step guide on how to form a Limited Liability Company ("LLC"). LLCs are often the most beneficial classification for business entities because they provide for the limited liability of corporations while having the benefits of partnership taxation. In order for the LLC to be valid, they must have an operating agreement and must file the Articles of Organization with the Secretary of State. This step-by-step guide on how to form an LLC is ideal for small businesses that want to operate as an LLC.
This document is also part of a package LLC Operating Agreement Starter Kit 14 Documents Included