LLC Setup Checklist
(For LLCs, LLCs taxed as an S Corp, LLPs, LLLPs and more).
- Decide your tax structure. This could be an LLC, LLC taxed as an S Corp, Multi Member LLC - there are more, but these are the most common.
- Decide on your business name. This is important, it's how people will associate your business! You'll want to check with the state on the list of prohibited words for business names and make sure your name isn't already in use.
- Designate a registered agent. An LLC is legally required to have a designated Registered Agent, who receives official legal documents and passes them on to the LLC owner.
- Get an LLC Article of Organization form from your state. This is a document that includes basic information about your LLC and establishes it as a separate legal entity.
- Submit the completed Articles of Organization form, with the required filing fee.
- Create your LLC Operating Agreement. This outlines the management and financial rights of all LLC members (even if it's just you). This isn't required, but recommended.
- Obtain an EIN. You'll use this number to complete your business taxes (instead of your Social Security number) and to open a business bank account and hire employees. Get an EIN in minutes for free (via IRS)!
- IMPORTANT: Verify if BOI reporting is federally required. As of 2/7/25, this pending rule is currently going through a series of court appeals where it appears reporting will be required and the question is solely a matter of when. Beneficial Owner Information (BOI) reporting, once required, is written so that reporting companies must file with FinCEN within 30 days of LLC creation. Federal daily fines for non-compliance are up to $500 per day once the rule is in effect. More info.
