Incorporate LLC

2007-03-08 10:33:40

( Business )



Would you like to incorporate LLC or a corporation or an S corporation? Would you like to incorporate in Nevada or any other state like Delaware or Florida? There is no legal requirement to hire a lawyer if you want to incorporate LLC but it is necessary to be knowledgeable about what documents to file and what other requirements are needed in order to incorporate.

To incorporate LLC means that the stockholders have a chance to determine the percentage each member receives when it comes to income. The stockholders can be as few or as many as desired.
To incorporate LLC also means that members have a right to own a subsidiary or subsidiaries.

The first documents needed to incorporate LLC are the articles of incorporation. For a designated fee, these documents must be filed with the state where incorporating LLC is supposed to be situated.

There are services available that will assist you in submitting these documents as soon as possible and with the lowest cost possible.

The articles of incorporation should be acknowledged by the state in order for the members of the incorporating LLC to hold its organizational meeting. An operating agreement should also be agreed upon in this meeting.

Furthermore, to incorporate LLC, you should also get an EIN which is the federal Employer Identification Number. This should be requested once the LLC Corporation is ready to be operational. The EIN is important in when you file tax returns and apply for bank accounts.

In order to get an EIN, you must complete the IRS Form SS-4. There services available to perform this request for you too.

To incorporate LLC and aim for the lowest tax rates, you should have met at least two of some of the requirements. These requirements that are important in incorporating a business include limited liability which follows that you have centralized management, unlimited life, and free transferability of interests.


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