How Do You Start A Limited Liability Corp?
Registering a business as a limited liability company, or LLC, is a complicated process that may be best handled by a lawyer. However, it’s possible to file your own LLC. With a bit of patience and research, filing may be done independently at a cheaper rate than with legal counsel. Follow these steps to complete an LLC registration. Figure out a name for the new business and register it. According to FindLaw, the name will most likely have to include the letters LLC or the phrase Limited Liability Company. Make the name one that leaves little doubt as to the nature of the business, yet is catchy and memorable. This part requires research, since the name has to be original in order to pass registration. Create an LLC operating agreement. The Wall Street Journal states that it should explain “the details of the business arrangement, including members’ percentage ownership, roles, rights and responsibilities. Having such an agreement can help protect the LLC structure if it’s challenged
