How To Set Up a Limited Liability Company (LLC)
The Limited Liability Company, or LLC, has in recent years become the most popular legal structure for small businesses wishing to incorporate. The exact requirements vary slightly from state to state, but setting up an LLC is a relatively simple process that can usually be done in an hour or less, depending on the complexity of your organizational structure.Difficulty: EasyTime Required: 1-4 hours, depending on complexity of companyHere’s How: • Obtain a copy of your state’s LLC Articles of Organization form from your state’s Secretary of State office. When you contact them, also find out if the state in which you are incorporating requires you to post a notice in the newspaper. Also find out any specific rules regarding business names. • Choose a name for your business that complies with your state’s rules for LLC business names.
