Hi,
First, I am not sure if this is the correct place to post this... If it isn't I apologize, and hopefully a MOD can move it to the correct place...
Second, I found this on another forum, so credit goes to that OP, I wish I had seen this when I first started..
I did a quick search, and couldn't find anything related to this (in this much detail) so hopefully this will help someone out who is in need of information such as this...
_____________________
There are tons of websites out there that will help you setup your own LLC...for a fee (legalzoom is one of the big ones), however, you can create an LLC yourself, for a lot less, and in a faster period of time.
First, you need a registered agent. There is a company out there that offers the first year free. Sign up here: (If you don't know what a registered agent is, click on the link, it will explain everything you need to know)
http://www.freeregisteredagent.com/
Then go to the secretary of state website for the state you want to register in. You can find all the links here:
http://www.coordinatedlegal.com/SecretaryOfState.html
See if your state allows registering for your LLC online. If so, DO THIS. You will also need to do a search to see if the business name you want is available. This will be on the same site. You will need to pay the fee for registering, it ranges from $90-$120 depending on the state that you are registering your LLC in.
Next, if you want a EIN (Federal Tax ID) for your business go here, it is FREE:
https://sa2.www4.irs.gov/modiein/individual/index.jsp
You might need this for various things you come across, getting a bank account in your business name, etc.
After you're done you just filed for your LLC and Tax ID for only around $100. And if you did it online usually you get a response in less than a week.
I took a look at the prices of a site offering this service..here's what it would've cost if you used them.
Basic LLC Package $99.00
Prepare Federal Tax ID Application $30.00
Prepare & Obtain Tax ID from IRS $79.00
Registered Agent Fee $159.00/year
State Filing Fee ~$100
Shipping ??
Total $467
You just saved $367 doing it yourself, and you get your LLC in a week. Those other services take around 30 days and charge you extra for expedited shipping!
_____________________
Anyways, hope that helps someone save a few bucks by doing an LLC by yourself...
First, I am not sure if this is the correct place to post this... If it isn't I apologize, and hopefully a MOD can move it to the correct place...
Second, I found this on another forum, so credit goes to that OP, I wish I had seen this when I first started..
I did a quick search, and couldn't find anything related to this (in this much detail) so hopefully this will help someone out who is in need of information such as this...
_____________________
There are tons of websites out there that will help you setup your own LLC...for a fee (legalzoom is one of the big ones), however, you can create an LLC yourself, for a lot less, and in a faster period of time.
First, you need a registered agent. There is a company out there that offers the first year free. Sign up here: (If you don't know what a registered agent is, click on the link, it will explain everything you need to know)
http://www.freeregisteredagent.com/
Then go to the secretary of state website for the state you want to register in. You can find all the links here:
http://www.coordinatedlegal.com/SecretaryOfState.html
See if your state allows registering for your LLC online. If so, DO THIS. You will also need to do a search to see if the business name you want is available. This will be on the same site. You will need to pay the fee for registering, it ranges from $90-$120 depending on the state that you are registering your LLC in.
Next, if you want a EIN (Federal Tax ID) for your business go here, it is FREE:
https://sa2.www4.irs.gov/modiein/individual/index.jsp
You might need this for various things you come across, getting a bank account in your business name, etc.
After you're done you just filed for your LLC and Tax ID for only around $100. And if you did it online usually you get a response in less than a week.
I took a look at the prices of a site offering this service..here's what it would've cost if you used them.
Basic LLC Package $99.00
Prepare Federal Tax ID Application $30.00
Prepare & Obtain Tax ID from IRS $79.00
Registered Agent Fee $159.00/year
State Filing Fee ~$100
Shipping ??
Total $467
You just saved $367 doing it yourself, and you get your LLC in a week. Those other services take around 30 days and charge you extra for expedited shipping!
_____________________
Anyways, hope that helps someone save a few bucks by doing an LLC by yourself...