How to File an LLC

One of the most popular businesses in the United States is the LLC, or Limited Liability Corporation. A distinct advantage of filing an LLC is that, unlike some other businesses, members of an LLC company are not held responsible for company losses. In addition, federal and state taxes are handled by all members of the company, rather than being charged at the corporate level.

Filing an LLC

When it comes time to file an LLC, your first task is to make sure that the desired name for your business has not already been taken by an existing LLC in your state. You can check this information by contacting your Secretary of State. It is not necessary to find a unique name if another LLC company has already chosen the same name as your business in a different state. Regardless of the name you choose, you must include "LLC" at the end of the name to denote the type of business you are filing.

Two forms will typically be required in your state, the Certificate of Formation and the Articles of Organization. Both of these forms can be acquired through your Secretary of State. Some states even allow business owners to complete the paperwork online. Be advised that a fee will be charged when you submit the paperwork, typically between $100.00 and $800.00, depending on the state.

Additional Requirements

Make sure that you familiarize yourself with your state's additional requirements before doing business under your new LLC name. Even after you file an LLC, there may be additional requirements of which you should be aware. For instance, some states require that you announce your new LLC business in a local publication like a newspaper.

Once you have successfully filed an LLC, it can take four to six weeks for the process to be complete.