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LLCs are a popular choice for businesses with owners who want to limit their liability. LLCs also give their owners the flexibility to choose how they want to structure their business with regard to taxes, licenses, and other legal requirements. There are five main steps involved in registering an LLC:
Once you’ve decided on what kind of company to form, and your purpose for doing so, it’s time to create the name for your LLC. When naming your company, think about how easily people will be able to remember it. Names like “The Electronic Repair Shop” are going to be easier remembered than something like “Electronic Repairs Unlimited.” Try not to make the name too long or complicated either; a catchy name that is easy for others will go a long way in getting customers through the door!
You should also check that no one else has taken your chosen business name before registering it with the state agency responsible for issuing new Limited Liability Company licenses.
It is the document that will govern how your LLC operates. It details the structure of your business and should include provisions for:
If you’re a sole proprietor and you don’t have an operating agreement, you’ll be subject to some state laws regarding taxes. If you do decide to create an operating agreement, it’s best practice to consult with an attorney before doing so. Consultation with an attorney can help ensure that any provisions in your operating agreement meet legal requirements set forth by state law. The cost of creating this document varies depending on its complexity; most attorneys charge anywhere from $300-$1,000 per hour for their services.
The filing fee is based on the number of members or owners in your LLC and varies by state. Generally speaking, this fee will be between $50 and $500, but prices can fluctuate quite a bit from one state to another. The filing fees should be due when you file your articles of organization with the secretary of state’s office, some states have different requirements.
In contrast to an S-corporation with multiple shareholders who each own shares worth equal value (one vote per share), single-shareholder corporations lack voting power because they don’t distribute shares at all; instead they’re owned by individuals who possess sole control over them via proxies or other means.
Unlike corporations and partnerships, LLCs are not taxed as corporations. Instead, they’re taxed like sole proprietorships: the business owner pays taxes on all profits, but does not withhold any taxes from their employee’s paychecks also files a tax return with the IRS each year and pays federal income taxes as well as state income taxes.
In summary, filing taxes is not the only thing you need to do. You also need to register for sales tax and obtain a business license and workers’ compensation policy.
We hope you found this how-to guide on registering an LLC for a computer equipment business helpful. The process is relatively straightforward once you understand the steps and requirements. The key takeaway here is that you need to make sure your business name doesn’t infringe upon someone else’s trademark or copyright and that it adheres to state guidelines before filing articles of organization with the secretary of state in your home state.
Register Your Trademark & Get The Delivery of your USPTO Serial No. In 24 Hours
Register Your Trademark with USPTO Today & Get Serial No. in 24 Hours