How do you start an LLC?

Answer 1

A Limited Liability Corporation.

Before you do that, think about the consequences of starting a corporation. It means filing IRS returns for that corporation each year.

If your business is small, you might just want to claim the income under your own tax information for the first year or two and see if your business is making enough profit to justify incorporating.

Answer 2

You can start a LLC by filing the appropriate forms with your state's (or the state you wish the LLC be be formed in) Secretary of State (SOS). These forms are almost universally available on-line. If the LLC's home state is not your home state you will need to use a registered agent within said state for legal document purposes. The fees for filing the forms vary from state to state with the lowest being about $50 to the highest I am aware of in California of $800. In some cases these are annual fees, while in others they are one-time, being replaced in later years by franchise taxes based on company value (total assets). Most are simple enough to do yourself, but at the same time, the laws governing them are complicated enough that it is always a good idea to get professional advice. Doubly true if you really needed to ask this question. An LLC is very similar to a corporation but with enough differences, that you should make sure which is really the best for your situation.

Answer 3

First choose a name for your LLC. You then have to contact your Secratary of (SOS) to find out if that name is already taken. If its not, then you must file with the SOS, you can go online for these forms. Well in Illinois you can but Im sure each state is different. THey charge $500 to file it and an extra $11 to expidite it. Good luck.