Page 14 - Webinar workbook
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Chapter 2
How to start a “LLC?”
1. Choose a name: Register a unique name in the state where you plan to do business. To
make sure someone else doesn’t have your business name, do a thorough search of
online directories, county clerks’ offices and the secretary of state’s website in your state
— and any others in which you plan to do business. For a fee, many states let applicants
reserve an LLC name for a set period before filing articles of organization.
2. Choose a registered agent: The registered agent is the person you designate to receive all
official correspondence for the LLC. It’s crucial that you nail down who this person will be
before filing articles of organization, because states generally require you to list a
registered agent’s name and address on the form. Though people within the company are
usually allowed to serve in this role, states maintain lists of third-party companies that
perform registered-agent services.
3. File articles of organization: This step will vary from state to state. You’ll be asked to
supply details like name, principal place of business and management type.
4. File for Statement of Information (may vary in each state): The Statement of Information
form shows a company's owners/officers, business address(es), and business description.
A corporation/LLC must file a Statement of Information within 90 days of their Articles of
Incorporation/Organization to do business in the state of California
5. Get an employer identification number: The IRS requires any business that has
employees or operates as a corporation or partnership to have an EIN, a nine-digit
number assigned to businesses for tax purposes.
6. Draw up an operating agreement: Your operating agreement should include specific
information about your management structure, including an ownership breakdown,
member voting rights, powers and duties of members and managers, and how profits and
losses are distributed.
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