How to start a Limited Liability Company in America

1. LIMITED LIABILITY COMPANY
By CS Gaurav Kumar Sharma
9990694230
www.csgauravsharma.com

2. Many small business owners launch their companies as
sole proprietorships in which they and their businesses are
essentially one and the same. However, changing the
format of a small business to a corporation or a Limited
Liability Company (LLC) can offer a range of advantages for
entrepreneurs. Most notable is that a corporation or LLC
protects entrepreneurs' personal assets in case debts or
legal judgments are claimed against the business.

3. The advantages of incorporating a
small business include:
1: Personal asset protection
2: Additional credibility and name
protection
3: Perpetual existence
4: Tax flexibility
5: Deductible expenses

4. It is important to consider the following:
1. Corporations and LLCs are both
separate legal entities (business
structures) that enjoy certain protections
under the law and important benefits.
Most people form a legal business
structure to safeguard their personal
assets.
2. Incorporating or forming an LLC allows
you to conduct your business without
worrying that you might lose your home,
car, or personal savings because of a
business liability.

5. Why Should I Incorporate My
Business?
If you're not incorporated, you don't
look as professional as you feel.
Protect your personal assets, get tax
advantages, and grow up your
business by incorporating today.

6. What Does It Mean To Be Incorporated?
Quite simply, incorporation is the process
of defining your business, both legally
and strategically. You wouldn't build a
house without a plan and a paper trail.
So why build a business that way?
By choosing an LLC, s corporation (s
corp), or c corporation (c corp), you have
the freedom to decide on a tax structure
that works for your business.

7. S Corp, C Corp, or LLC:
Which One Is Right for Me?
Business goals aren't one size fits all
and neither is incorporating. When
deciding which kind of corporation fits
your business strategy, consider some
of the different benefits that each kind
offers. And take a deeper dive with the
comparison chart linked below.

8. S Corporation:
Elimination of double taxation of income
Investment opportunities
Once-a-year tax filing

9. C Corporation:
Unlimited growth potential through the sale of stock
No limit on the number of shareholders
Tax-deductible business expenses

10. Limited Liability
Company:
Simplicity
No residency requirement
Structure flexibility

11. HOW TO START AN LLC

12. PART:1 - NAMING YOUR LLC
PART:2 - SETTING UP YOUR
LLC
PART:3 - WRITING AN
LLC OPERATING AGREEMENT

13. PART 1 NAMING YOUR LLC
1. Find your state’s LLC laws
2. Choose a unique name for your LLC
3. Include "LLC" or some variation in your
name
4. Ensure that your chosen name is available
5. Reserve your business name
6. Decide whether to trademark your name

14. PART 2 SETTING UP YOUR LLC
1. Decide how your LLC will be managed
2. File your “Articles of Incorporation
3. Choose a registered agent
4. Obtain an required business licenses
5. Apply for an employee identification
number (EIN)
6. Open a bank account for your LLC

15. PART 3 WRITING AN LLC OPERATING
AGREEMENT
1. Protect your LLC by writing an
operating agreement
2. Decide what to include in your
operating agreement
3. Find resources

16. Feel Free to connect for any query
9990694230
guravdelhirav@gmail.com