How to Register an LLC for Household

Introduction

If you’re thinking about starting a business, you probably also have dreams of one day registering an LLC. While this may sound like a daunting task, it is actually easy if you have the right guide handy. But what does it take to get started? Here’s our crash course on how to set up an LLC in your state:

Get an EIN

The EIN is a nine-digit number assigned by the IRS to identify your business for tax purposes. It is similar to a social security number for individuals. The process of getting an EIN can be done online, over the phone, or in person at an IRS office.

Name Your Company

The first step to registering your company is to choose a name. You want the name to be catchy and relevant, but also unique. Names that include words like “corporation” or “incorporated” are not allowed because it implies that you intend to do business as a corporation instead of an LLC. Furthermore, you should avoid using any names that are trademarked by another company.

Appoint a Registered Agent

Once you register your LLC, you are bound to appoint or hire a registered agent. A registered agent is a person or business that has been appointed by the LLC to receive legal service of process on behalf of the company.

A registered agent must be an individual who is over 18 years old and a resident of the state where the LLC is registered. The best way to find a suitable candidate is by asking around within your network and asking friends if they know anyone who would be willing to act as your official contact with government agencies (if you do not know anyone, it may be beneficial for you to hire someone for this role). Once you have identified someone whom you would like to work with, it’s time for them formally accept their role as a registered agent for your business.

Prepare an Operating Agreement

An operating agreement is a document that establishes the rules and procedures for your LLC, including how profits are allocated. It’s especially important to have one if you’re operating as a multi-member LLC with more than one owner (which we’ll explain below).

For example, you can specify:

• Who will keep records of the company’s finances?
• How much money each does member gets paid? What other benefits should they receive?
• How often meetings will be held, who can attend them, and how votes are counted in those meetings?

File Your LLC Articles of Organization

After you have filed your LLC articles of organization with the state, you’ll need to file them with the IRS. This is required by law and must be done within thirty days of filing in order for your business to be considered legally established.

The secretary of state will also require that you file an additional document called a “certificate of the assumed name”. This allows businesses to register their names in addition to their DBA names and protects both from being used too broadly or incorrectly by other businesses or individuals without permission from those who are registered under them.

While it sounds like a daunting task, it is actually easy, assuming you have the right guide handy

If you’re thinking about starting a business, you are probably also considering registering an LLC to protect yourself from liability.

An LLC is a good way to protect yourself from liability for your business. An LLC stands for “limited liability Company,” which means that the owners are not personally responsible for any obligations of the company. The purpose of this protection is so that if something goes wrong with your business, only your assets and sometimes even your personal property can be taken away. This is why an LLC provides protection against financial loss. If someone sues you or gets injured by something related to your company, he/she cannot sue you personally or take away all of your stuff! Instead, they must go after what was given up when setting up an LLC: just enough money in order to cover these losses.

If this sounds like something worth doing then let’s get started! It’s surprisingly simple—all we need now is guidance on how exactly we should go about registering our own limited liability companies!

Conclusion

There is a lot more to know about the process, but this guide should give you enough information to get started. With just a little bit of research and preparation, you will be well on your way to starting your very own business!