How To Form An LLC
1. Choose A Name
For some, choosing a business name is simple. For others, the process of deciding on the perfect entity name takes time. What’s most important is that your LLC name is original and that you’ll be able to use it in business.
“In most cases, your entity name registration protects your business and prevents anyone else in the state from operating under the same entity name.” -sba.gov
Side Note: The fee for applying for an LLC is a nonrefundable $100, payable to the SCC.
2. Is The Name Available?
Side note: “Your entity name must contain the words Limited Liability Company or the abbreviation L.L.C. or LLC.” – howtostartanllc.com
3. Is the URL available?
Once you’ve decided on a business name, check to see if the domain name is available. Even if you don’t plan to make a website today,
“You may want to buy the domain name in order to prevent others from acquiring it.”
4. Your License and Employee Identification Number (E.I.N)
Once you’ve applied for your LLC, you can begin building your brand. However before you run off toward your dreams of business ownership, I recommend opening a business checking account. In order to do so, you will I recommend you apply for an E.I.N.
What is an EIN? The Employer Identification Number (EIN), or Federal Tax ID Number, is used to identify a business entity. It is essentially a social security number for the company.
Why do I need an EIN? An EIN is required when filing state and federal taxes. In addition, banks may require an EIN to open a business checking account.
Where do I get an EIN? Applying for an E.I.N is free on the irs.gov
5. Ready, Set, Grow
Now that you’ve got your LLC for your original business name, an E.I.N for tax purposes and a domain to design your website; you should be all set, to begin growing your small business.