PRINTABLE BUSINESS LICENSE TEMPLATE PROFESSIONAL

Helpful Tip: If you are looking to set up a website for your business, you most likely want your website URL to be the same name as your LLC. This is great news! Because itвЂ™s inactive, we can go ahead and file for this name. Names with an вЂњINACTIVEвЂќ or вЂњINACTвЂќ status are available.

With this name in mind, letвЂ™s go to the Florida Division of CorporationвЂ™s website and do a search of our desired name for our LLC.ДЄfter entering вЂњMiami Real EstateвЂќ, we can see that someone had previously filed for this entity but due to some unknown reason, that person let it go as you can see that it has an вЂњInactiveвЂќ status. Naming your company вЂњMiami Real Estate LLCвЂќ would be ideal. Ideally, you want to select a name that is catchy and original but more importantly, that references the industry of your business.ДЇor example вЂ“ LetвЂ™s say you are setting up a real estate brokerage in Miami, Florida. So, now you have selected a state, letвЂ™s start considering a name for your LLC.

PRINTABLE BUSINESS LICENSE TEMPLATE PROFESSIONAL

This is not a difficult task as there are many professional services that offer Registered Agents for hire at a reasonable cost. If you do decide to incorporate an LLC in a different state from which you live, you will need to find a Registered Agent that resides in the same state where you incorporate your business. Cyber or internet-type businesses, where the location of their business has no importance, can research the state that fits their business model best. For example вЂ“ in the State of Delaware, members of an LLC can be kept secret from the public while only having the Registered AgentвЂ™s name being available on public records.Д«usinesses that serve a local demographic should register within their state. You may have heard of a few select states such as Delaware, Nevada, and Wyoming that are favorable due to favorable tax laws and business infrastructures. The majority of companies created in America are local small businesses so naturally it only makes sense to start an LLC in the businessвЂ™s residing state. Creating an LLC at first may sound daunting but donвЂ™t worry вЂ“ follow our steps below andВ save some money by creating it on your own! There are manyВ professional services out there on the internet offering to help people set up their LLC and the reason being is вЂ“ itвЂ™s actually fairlyВ easy! These services charge you the stateвЂ™s fee for creating the LLC while also adding a hefty fee of their own for creating the LLC for you. This benefit alone is why many people choose to create an LLC over other formation types. Protection вЂ“ Members of the LLC are not personally liable or responsible for business debts and liabilities. Pass-through Taxation вЂ“ The business itself is not taxed, instead each member pays their share of taxes for the money made or lostВ based on personal income. An LLC typically has much less paperwork and meeting requirements than most other formation types. This also applies to an increase or decrease in ownership from one member to the next.Дistribution of Profits вЂ“ ItвЂ™s very easy to disburse profits to members within the LLC as each member is responsible for paying taxes on the income they receive from the business.ДЇlexibility вЂ“ When setting up the structure of your LLC Operating Agreement, you can keep it simple or add as many laws within the company as you see fit.

Members вЂ“ If a new member is added to the company, which means the LLC Operating Agreement would need to be amended, all existing members must approve with the written consent of that new member. (Video) What is an LLC Operating Agreement? In addition, the IRS may request the operating agreement to prove or view an individualвЂ™s ownership interest.

It is not a requirement in most States, but will be required by financial institutions when opening bank accounts and if the company is to ever receive a loan or investment. Multi-Member Operating Agreement вЂ“ To be used by an LLC with more than one (1) owner.ДЄn LLC operating agreement is a document that acts as the bylaws of the company detailing the ownership, management, roles of officers, and its rules for operation. Single-Member Operating Agreement вЂ“ To be used by an LLC with only one (1) owner.Дownload: Adobe PDF, MS Word (.docx), OpenDocument In all other states, an operating agreement is not required but is recommended to be written and signed by all members of the LLC. An LLC operating agreement is required in the states of California, Delaware, Maine, Missouri, and New York.

Printable business license template