Setting up Your LLC Determine who your members and board are. Draft an operating agreement. Find a registered agent. Prepare a certificate of formation for an LLC. Obtain any required local licenses. Apply for an employee identification number. Pay franchise tax. Open a bank account for your LLC.What is the cheapest way to form a LLC?
Depending on the LLC filing fees charged by your state, filing your own incorporation statements may be the cheapest way to form an LLC. For LLCs, incorporation statements are generally the articles of organization, although the name of the document can vary depending on your state.How do you create a LLC?
In most states, you create an LLC simply by filing "articles of organization" with your state's LLC filing office (which is usually part of the secretary of state's office) and paying a filing fee. A few states refer to this organizational document as a "certificate of organization" or a "certificate of formation.".What does LLC Stand for?
Answer LLC stands for "limited liability company.". The LLC is a relatively type of new business entity in the United States.