When you decide to how to start a business llc it’s important to make sure that you choose the right organizational format for your company. There are several different types of business formats to choose from, and each one has its own unique benefits.

Choosing Your Name

The name of your business is an essential part of its legal structure, and it must meet state guidelines. For example, it must be different from any existing LLC in the state and it must include an identifier that relates to your business.

Establishing Your LLC

Once you’ve chosen a name, it’s time to file the articles of organization with the government agency that handles filings for businesses in your state. This document varies by state, but generally is called the articles of formation or certificate of formation and it establishes your LLC’s legal existence.

From Concept to Launch: How to Start a Business LLC in 8 Steps

You must also publish your LLC’s name and address in a local newspaper. However, the publication requirements differ by state, so it’s best to check with your Secretary of State’s website.

Registered Agent

You need to select a registered agent for your LLC, who will receive official mail and service of process on behalf of the business. The New York Secretary of State automatically serves as your LLC’s registered agent, but you can opt for a third-party agent, such as a lawyer or professional agency.

Getting an EIN

An EIN, or federal employer identification number, is required for any business with employees or more than one owner. This nine-digit number is like a social security number, and it’s necessary for registering with the IRS for tax purposes. Most banks also require an EIN to open a business bank account. Having an EIN ensures that you’re keeping your personal finances separate from those associated with your LLC, and it can prevent identity theft.