Nellie Akalp is a passionate entrepreneur, business expert, professional speaker, author, and mother of four. She is the Founder and CEO of CorpNet.com, a trusted resource and service provider for business incorporation, LLC filings, and corporate compliance services in all 50 states.
It will even help if you have someone who is knowledgeable in all these permits to handle everything. As a small business owner, I like to focus more on my business and these things can often add to the confusion. I wouldn’t mind paying someone to process everything for me.
How many LLC are they in the U.S? Is this often the best option for a small business start-up?
Hi Martin –
LLCs are very popular for small-business owners, because they avoid many of the formalities corporations have. Corporations require stock, shareholders, a board of directors, regular meetings, etc. Many small business owners don’t want to have to worry about those things and just want to focus on growing their business, so they often opt for the LLC.
Thanks for reading and commenting on my post!
I agree with the actions suggested by the author here. However, before taking these actions, the first step I do as a business attorney is to have the members hold their first meeting and adopt resolutions authorizing the taking of all these actions. For example, when opening a bank account, many banks will want to see that the person filling out the paperwork is authorized to do so and that the LLC has approved the taking of such action. The corporate resolution will have the necessary language that gives the bank the assurance it needs. The same goes for just about all of the other actions in the list.
This is part of the service that I provide when setting up an LLC so that, as Aira stated, the business owner can go about doing what he or she does best!
Great business tips. I have an LLC myself. LLC is the best option for small business owners. Getting an attorney can save lots of time.
It is interesting to read about LLC formation in the states. I am providing a similar services in the UK. The process is slightly different than here. For example, bank account and credit card. These are usually included in the company formation package you buy. Also point 8 shows me how big the USA is. Does every state has a different tax regulation? How much does a LLC formation cost?
I would definitely recommend speaking with an accountant in order to get your tax-related questions answered. Filing an LLC has a different fee in each state, so it really just depends on how much the state you’re looking to file your LLC in charges.
Thanks for reading and commenting!
In some states like New York, where the law is a bit tricky, it’s very important that you consult a knowledgeable attorney BEFORE you form your LLC. Failure to do so could cost you thousands of dollars in unnecessary fees and expenses.
Great advice, Steve. Thanks for reading and commenting!
If you want to assure a particular name for an LLC and want to file for that now but don’t intend to open the business for another year or two, can you go ahead and get the name secured without having to officially start operating right away? Are there any requirements for filings or otherwise that need to be done between now and when it is open for business?
Great question! A lot of business owners don’t know this, but in most states you can actually reserve a name with the Secretary of State without actually moving forward with the LLC. If you’d like to do this, please contact Katie Hendrix in my office at 888.448.2638 x110, and she can get that taken care of for you!
Just wanted to follow up with you and see if you’re still interested in reserving your business name, or perhaps even moving forward with the LLC? I’d love to assist you! Please feel free to call me anytime at 888.449.2638 x110, or you can reach me via email at email@example.com 🙂
Hi! Do I have to put LLC next to my logo name, my Facebook page and my website?
Generally speaking, it’s required to file a DBA in order to do business/advertise/accept payments under any names other than the full, legal business name. If you have any other questions or would like assistance with filing a DBA, please contact Katie Hendrix in my office for a free business consultation at 888.449.2638 x110.
I just bought a building for my business and want to go from a DBA to an LLC. But my question is? Is it better to put the LLC in my personal name or business name… My accountant says put the LLC in my personal name and a layer friend says put it in the business name and pay rent to my self.. And if I pay rent to my self… do I need legal lease agreement with my self?
Thank you for your question. You can put the LLC in whichever name you choose. Clients have done both ways. However, this is a question that would be better suited for your attorney to answer.
If you have any further questions please feel free to reach out to my team at 888-449-2638 X109 and ask for Chava
Hi my name is Tom I am legally blind and is going into a Rehabilitation program with the Massachusetts Commission Of The Blind Randolph Sheppard act vending program. Their program allows people with site disabilities to be self-employed in locations in federal building. Im looking to tapply for an IEN number however I am being told I should not apply for a solo prioorotor but for an LLC.
I’m wondering if you could help me to put me on the right side.
Generally the LLC is preferred over a simple sole proprietorship as it offers both name protection and liability protection. As every situation is unique, please feel free to contact Katie Hendrix in my office for a free business consultation. She will be able to assist you with outlining your options, and she can even help you get your business filings completed! Please contact her at 888.449.2638 x110 or by email at firstname.lastname@example.org
Hi, I am self employed doing sales working on commission. Is it better to get my checks written to an LLC or to my own name?
Have you registered an LLC? If so, we find that most business owners prefer to have their checks written out to their LLC. If you have any questions, or would like assistance with filing an LLC, please feel free to contact Katie Hendrix in my office for a free business consultation at 888.449.2638 x110.
Hi! I am not starting a business per se, but will be working as an independent contractor (I am a physician and will be doing case reviews). The company is out of state, but I will be working online from home. I have set up an LLC but do I need to register in the state the company is based in? I’m guessing I need to set up a business bank account to receive payment, but do I need to do anything else?
Hello, if I take out a business loan (that has a collateral/personal guarantee) but set my business up as an LLC — does that mean that my personal assets from my lender are still being protected due my business being set up as an LLC?
Thanks so much for reading and commenting. Generally speaking, LLCs provide liability protection for the members’ personal assets. However, if the individual members make guarantees outside of the LLC, the LLC liability protection would generally not cover any transactions that do not involve it. Please feel free to call my office at (888) 449-2638 and speak with one of our business filings experts if you had any additional questions. Thanks again!
My significant other and I currently have an LLC formed with a DBA for our wood renewal business. I’m looking at signing up to be an independent Sales Rep with a beauty company (think Mary Kay). What are the benefits of adding this new business under my LLC or should I just keep it independent?
Thanks for reading and commenting. There are pros and cons to each option. Please give my company a call at your earliest convenience to speak with one of our Business Filing Specialists and take advantage of our Free Business Consultation to go over these differences. You can reach us at (888) 449-2638. Thanks so much and we look forward to hearing from you!
Hello, I could not find an answer to this specific question so apologies if I missed it. We are forming an LLC “LLC Name” (example) and will be starting with our first business as an online boutique kids store. Once the LLC is formed we will file for a DBA for the online store, but not sure if we need to file one or multiple DBA. Let’s say the online store will be “toysandtoys.com” (example) but the name is “Toys + Toys”.
Do we need to file a DBA for “Toys + Toys” only, or do we also need to cover variations like “Toys and Toys”, “toysandtoys”, “toysandtoys.com”, “Toys & Toys” etc? Thank you so much for any help!
Thanks so much for reading and commenting. I cannot give legal, tax or financial advice so I would be unable to tell you specifically what you should do in your case. However, for example, my company name as registered with the Secretary of State is CorpNet, Incorporated. We have DBAs for CorpNet, CorpNet.com, etc. I hope this helps in answering you questions but please feel free to reach out to Milton in our office at (888) 449-2638 with any further questions. Thanks again!
Making sure to get the right kind of business licenses from your state, county, or town is excellent advice. I would imagine that the types of licenses required for your LLC could change depending on your location, and you would definitely want to have everything properly taken care of. Finding a professional who could help provide you with the necessary information and help you fill out everything properly seems like it could be very beneficial when you start your LLC.
I am currently being audited by the IRS and am very nervous about starting my business. It has already been 2 years and I am tired of putting off my goals. Should I wait until I have everything resolved with them before jumping into beginning the business?
Thank you so much for reading and commenting. Unfortunately, I am unable to give you direct legal advice so can’t speak to your specific situation. However generally speaking, when filing an LLC or Corporation, there are typically no issues on the state level but there could be issues once attempting to obtain and EIN. Please give Amanda in my office a call at (888) 449-2638 ext 105 and she would be more than happy to assist you as much as she can or point you in the right direction of legal advice. Thanks again and we look forward to hearing from you!
I made an application to NY state to start an LLC. My application is currently being reviewed. At what point am I expected to advertize this company in 2 newspapers?
Thanks so much for reaching out. Generally, the publication is required once the LLC has been accepted and filed by the Secretary of State. If you need any help with this process, please don’t hesitate to reach out to Amanda in our office at (888) 449-2638. Thanks so much!
i and my partners are opening up a Ice cream franchise, we have already set up and been approved for the LLC, what other licenses or permits are needed before we open our doors for business, i keep reading conflicting material and dont know what’s needed and what’s not..plz help.
Thank you so much for reading and commenting. As you know, I cannot give legal, tax or financial advice so am unable to speak to your specific situation. However, any licenses or permits required are dependent upon the type and the location of the business. We have a Business License Compliance Package that searches what licenses or permits would be required for your business type as well as in the location. Call Milton in my office at (888) 449-2638 to learn more! Thanks so much and we look forward to hearing from you!
I’m really interested in starting my own small business. However, mine is connected to the medical field. I want to open up my own Dental Laboratory. What steps would I take to get this going.? Any information or references will be appreciated.
Thanks so much for reading and commenting. While I can’t speak to your specific situation, I would love to give you general information and help you out as much as I can. Please give Amanda Beren in our office a call at (888) 449-2638 ext 105 so she can collect some more information from you and answer all of your questions. Thanks again and we look forward to hearing from you!
I am preparing to do one person consulting business for food safety and nutrition with official start up in 3 months. No investors, will rent space to present classes and so set up work from rural home. Will form LLC but how do i do initial costs for supplies (computer, etc)-can i do a personal loan from me and then pay me back?
Hi Wendy – thanks for reading and commenting. Generally speaking, yes one option is to make a loan and have the LLC pay you back. Of course, again, this is generally speaking. Every situation is different. I hope that helps!
Guillermo F Porro
So, I was curious in starting an LLC so I can put my tshirt graphics and my published books under a single brand but didn’t know if it is the best route. I also wanted it so I can do more to help promote people’s creative side. Can anyone help me
Nowadays all business consultants or startup formations agencies include business credit cards & an opened bank account in the package so that people can start immediately. Even they take care of every other thing that may come as obstacles. But it is a very helpful article if you start on your own without consulting with a professional one. Thanks for the article.