After you decide to form an LLC, articles of organization must be filed with that state and initial fees must be paid. After your articles of organization are filed, your LLC should have an organizational meeting where an operating agreement is adopted, interest certificates are distributed, and other preliminary matters are completed. LLC kit includes all of the information and paperwork to make this process easier.
A few states require notice to be published in a newspaper that an LLC has been formed. States with this requirement include:
- Pennsylvania (corps only)
- Georgia (corps only)
- Arizona (corps and LLCs)
- Nebraska (corps and LLCs), and
- New York (LLCs only).
Federal Tax ID Number:
A federal tax identification number, also known as an employer identification number or EIN, is basically a social security number for businesses. It is the number the IRS uses to identify the business, and it must be included on tax filings the business makes. Infotax Square can assist with the preparation and/or obtainment of your company's tax ID number. If you operate your business as a sole proprietorship or partnership and are now looking to incorporate or form a limited liability company (LLC), you must obtain a new EIN for your business.
Members in LLC:
The IRS does allow one member LLCs to qualify for pass-through tax treatment; however, taxation of one person LLCs at the state level may be different.