An LLC is a legal entity that is organized by registering the business with a state. The process should take no more than an hour or so and cost under $200. The basic process is as follows:
1. Establish the business name. Some form of Limited Liability Corporation, or LLC, should be in the name. Check your proposed name against the database of names maintained by your state to make sure it has not been used.
2. Download the Articles of Organization form from your state and fill it out.
3. Identify a registered agent. This is the individual who will receive legal documents for the business. It can be you.
4. Create an Operating Agreement that details the financial and management responsibilities of the members of the LLC (owners ...