How to start a LLC isn't as difficult as some business owners may think. Starting an LLC with the state is simple. Simply get your LLC set up at your local office, for free. Or, you can pay a nominal fee and use the help of an attorney who specializes in the formation of LLCs. Either way, it's not difficult, and the benefits can be great.

 

Step One: Pick a business name. Your LLC will need a unique business name, which you'll need to register. Here's How To Start An Llc in Kansas: Select a business name from the list on the state's Office of the Secretary of State website. Choose one that is simple and easy to spell, but don't choose something so long-winded that it sounds like an obscure humorist's joke.

 

Step Two: Pick an Operating Agreement. An operating agreement is the one piece of writing that all members of an LLC sign. If there are more than one members, then you'll also want to create an operating agreement for each one. An operating agreement is very important when you're starting an LLC because it sets the rules for the business and how it will be run.

How To Start An LLC

 

Step Three: Set Up Business Licenses and Registrations. Next, you'll need to pick up some business licenses from your city or town. In New York, you'll need to apply for LLC business licenses before you can begin operating your LLC; here's how to start an llc in Kansas: Go to the state's Department of Financial Services website and follow the instructions to apply for business licenses. Briefly describe the type of business you'll be operating, the number of employees you have, where you'll run that business, how much revenue you expect your business to bring in (annual), and what tax rate you're willing to pay.

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Step Four: Register Your Name, Business Names, and Other Legal Documents. Once you've picked up the business licenses, you'll need to register your LLC name, each member's name, and other legal documents with your city or town. You may require a letter of authorization from any government agencies where your business may require a license such as the state bank.

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Step Five: Filing All of Your Paperwork and Taxes. One last thing you'll do in New York is to file all of your business licenses, including sales tax and other permits. If you live in New York City, you'll need to fill out an application for a sales tax certificate and submit it to the Revenue Department. If you don't live in New York City, you'll have to file your paper work in the state where you live.

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The key takeaway from this brief overview is that you'll spend a lot of time and energy registering your LLCs, getting your licenses, collecting your tax payments, and filing other paperwork. This can be a painstaking process but it is also time consuming and expensive. In order to avoid this hassle and expense, many small entrepreneurs start their own businesses using a LLC. An LLC isn't subject to the same paperwork requirements as a sole proprietorship, therefore it can be easy to set up and easy to operate. In addition, an LLC has the advantage of being able to shield its owners' personal information from the public and its tax status from state audits.

 

An LLC has many advantages, especially for those who wish to conduct business without being publicly identified as a business. However, if you wish to incorporate and have your LLC set up, there are many important documents you must complete and follow. These include a statement of purpose, articles of incorporation, organizational documents, operating manuals, and annual reports. Your attorney can help you complete these documents and can also guide you in the application process. Each state has different information requirements, so it's very important to research your state's requirements before you begin. In most cases, an LLC requires a business license and other permits, and you must carefully evaluate the costs and benefits of incorporating before you make any decisions.

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