Create your own llc can be a fun and rewarding process, but it also comes with a lot of responsibilities. You’ll need to ensure your LLC is compliant with the law and that you’re doing all you can to protect yourself, the business, and your assets.
Picking a name for your LLC is an important part of the formation process. It’s best to pick a unique name that will keep your business top-of-mind with your potential clients. This can help you avoid trademark infringement claims and other issues that could impede your growth.
State-specific requirements for choosing a name vary by state, but you should always perform research on your preferred LLC name to make sure it’s available. Nearly every state allows you to reserve a name by filing a form and paying a fee.
Protecting Your Personal Assets: How to Create a Strong LLC Structure
An LLC operating agreement is a legal document that defines how the company will operate. It’s a great way to ensure that you have a clear idea of how your responsibilities will be divided up, what financial matters you and the members will have to deal with, and other details like how to handle inheritances.
Establishing a business bank account
You should open a bank account for your LLC as soon as possible. This will help you keep personal and business finances separate, as well as build your company’s credit history.
Registering a registered agent
A registered agent is someone you can turn to when it’s time to file your articles of organization or other paperwork with the state. An LLC registered agent can ensure that your documents are filed correctly and help you comply with the law.