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Tidewater Latest News Launches Guide on How To Start an LLC

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Tidewater Latest News Launches Guide on How To Start an LLC

June 22
03:34 2022
Tidewater Latest News Launches Guide on How To Start an LLC
In a recent media announcement, Tidewater Latest News shared a complete guide on starting an LLC in the best and easiest way.

Franklin, VA – June 21, 2022 – Tidewater Latest News began by mentioning that an LLC or Limited Liability Company is one of the most popular business structures employed by startups and new entrepreneurs. It’s a great option for small businesses and single owners because it limits personal liability issues, allows the business owner to raise capital from investors, and carries tax advantages. 

The first step on how to start an LLC with Tidewater Latest News is to select a name for the LLC. A well-chosen LLC name is essential to the success of a business. The name will last for many years and become an important part of the business brand and the company’s reputation. There are some tips to keep in mind when choosing a suitable LLC name. These include:

  • An LLC name should be simple and easy to spell so that it’s easier for people to find the business when they are looking for it. 

  • It should be short, making it easy for people to remember and refer the business to their family and friends. 

  • The name must include either Limited Liability Company (LLC), L.L.C., LC, or Ltd. Liq. Co. to ensure compliance. 

  • The desired LLC name should be distinguishable from the existing companies registered in your state. Check the name with the state’s secretary of state website to make sure the name is available for use. 

The next thing to do is register the LLC with the state in which it will be operating. The registration involves filing formation documents with the secretary of state, typically done online. The document is commonly known as the Articles of Organization. It is referred to as a Certificate of Formation or Certificate of Organization in some states. The one-time filing fee is around $100, but the cost varies per state. 

After filing the Articles of Organization, the next step is to obtain an EIN with the IRS. An EIN is a social security number for the business; needed for banking purposes, paying taxes, and filing tax returns for the LLC. Federal Tax Identification Numbers (EINs) are free and can be quickly obtained by visiting the IRS website, https://www.irs.gov, and following the given instructions. 

The final step is getting a business banking account. Having a separate banking account for the business avoids the risk of mixing personal funds and assets with the business. It also makes it easier to track business income and expenses. Once these steps are completed, the business owner will have an official LLC recognized at the state and federal levels. 

Forming an LLC isn’t as easy as it seems; it involves a considerable amount of paperwork and legwork in several areas. It would be best to consider hiring a professional service like Zenbusiness LLC to ensure that it’s done right the first time. Zenbusiness is a renowned LLC formation service that has simplified the LLC formation process for thousands of business owners. They handle all the administrative paperwork and legal aspects required when forming an LLC. Anyone starting an LLC and needing professional assistance should consider the Zenbusiness review.

About Tidewater Latest News

Tidewater Latest News is an award-winning newspaper owned by Tidewater Publications LLC. It has been an honest and reliable source of news for the people of Franklin, Southampton, and Isle of Wight counties since 1995. 

Media Contact
Company Name: Tidewater Latest News
Contact Person: John Lancing
Email: Send Email
Phone: (757) 517-8676
Address:301 Homestead Rd
City: Franklin
State: VA 23851
Country: United States
Website: https://www.tidewaternews.com/business/how-to-start-an-llc/