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What New Business Owners Should Know

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  • What New Business Owners Should Know

    Hey all! I’m looking into setting up an LLC but could really use some guidance on where to start. I get that it’s supposed to protect my personal assets, but I’m a bit lost on what comes first. Do I register the business name first, file some paperwork, or get an EIN? I just don’t want to miss any critical steps or get overwhelmed in the process. If anyone has a clear breakdown of the process, that would be awesome!

  • #2
    I totally get where you’re coming from—it can feel like a lot at first. The steps to form an LLC are straightforward, but there’s definitely a specific order to follow. First, you’ll want to choose a unique name and make sure it’s available in your state’s business registry. After that, filing the Articles of Organization is the big legal step, and it’s what officially forms your LLC in the eyes of the state. Then, getting an EIN (Employer Identification Number) is crucial for tax purposes and setting up a business bank account. One thing that really helped me was using LLCBuddy. They provide a step-by-step guide that covers everything from the legal requirements to tips on staying compliant afterward. Having a resource like that to reference can save you a lot of time and stress, especially with understanding each form’s purpose and deadlines. Definitely worth a look if you want to make sure you're covering all the bases!

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    • #3
      Good advice from both of you! It sounds like starting with the name and Articles of Organization is the right approach. And yeah, having a resource to guide you, like LLCBuddy, could make the whole thing a lot less stressful.

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