LLC Essentials for Multi-Members
Forming aFmulti-member LLC doesn’t have to be confusing. Whether you’re starting with family, friends, or business partners, the right setup protects everyone involved and creates a solid foundation for growth.This service is reccomended for entrepreneurs, small business owners, or partners ready to protect their vision and operate with confidence.
Key Steps to Forming an LLC
- Choose a Name: Ensure the name is unique, complies with state rules, includes "LLC," and is available in your state’s business database.
- Appoint a Registered Agent: Designate someone with a physical address in the state to receive legal documents.
- File Articles of Organization: Submit this document with essential details (name, address, registered agent) and pay the state filing fee.
- Create an Operating Agreement (2 or more members): Define ownership, profit sharing, roles, and decision-making to avoid disputes.*
- Obtain an EIN: Apply for a free Tax ID from the IRS for banking, taxes, and hiring employees.
- Register for Taxes: Comply with state requirements for sales tax, franchise tax, and necessary permits or licenses.
- Open a Business Bank Account: Use the EIN to separate business and personal finances, maintaining liability protection.
- Maintain Compliance: File required reports, renew permits, and keep organized records to stay compliant.
- Creating an Operating Agreement for multiple members can cost over $1,000 due to the need for research and attorney consultation. My standard rate is $100/hour, but as an introductory offer, I provide this service for a flat rate of $549. It's time to turn your vision into reality!
With LLC Essentials for Multi-Members, you’ll learn:
- How to file correctly to meet state requirements.
- What an operating agreement is and why it matters. How to divide ownership, roles, and responsibilities.
- How to divide ownership, roles, and responsibilities.
- Best practices to keep your LLC in compliance.
