LLCs are the most popular legal structure because they:

1. Provide limited liability protection for owners
2. Offer flexibility in terms of management and taxation
3. Have a straightforward setup process
4. Are relatively inexpensive to establish and maintain

To start your LLC, follow these steps: 

1. Fill in some basic contact information and tell us your business name if you’ve picked one.
2. Pay and get access to the member dashboard and finish adding details about your business. 
3. Hit submit, and we’ll complete and file your paperwork. 
4. We will deliver your documents digitally to your dashboard.

An LLC and a corporation are both types of businesses that help protect the owners from certain business liabilities and debts. But, an LLC is owned by one or more people, while a corporation has shareholders. And, a corporation typically follows more rules and has to keep track of and report certain things.

When you’re an LLC, you get to choose how you want to get taxed. If it’s just you, then you file as a sole proprietor. If there’s more than one of you, then you can file as a partnership. And for any kind of LLC, you can also decide to have your taxes done like a C-corporation or an S-corporation (that has special rules and requirements).

Starting an LLC can cost as little as $349 plus state filing fees. Don’t forget that a lot of these costs can be deducted from your taxes.

Filing Certificate: 

The filing certificate, also known as the “Certificate of Formation” or “Organizational Certificate,” is a document that serves as proof of your LLC’s existence. This document is issued by the state government after the Articles of Organization have been filed. It should include information such as your LLC’s name and date of formation, and be signed by a state official.

Articles of Organization: 

The Articles of Organization is a form that needs to be filed with your state’s Secretary of State office or other designated agency in order to register your LLC. This document includes important information about your company such as its name, address, purpose, and members (if applicable). Once filed and approved, this document officially creates your LLC.

Operating Agreement: 

An operating agreement outlines how your business will operate and lays out certain rules for running the company. This agreement should include details such as how profits will be split among members (if applicable), voting rights for each member, and how decisions about the business will be made. While not required in all states, having an operating agreement in place can help prevent issues from arising later on down the line.

Business Name Reservation or Business License: 

Depending on where you live, you may need to either reserve a business name or obtain a business license before registering an LLC with the state government. Reserving a business name allows you to use it exclusively for 180 days; obtaining a business license enables you to legally operate within that particular jurisdiction.

EIN Number: 

An Employer Identification Number (EIN) is like a Social Security number for businesses – it identifies them for tax purposes. You will need an EIN if you plan on hiring employees or engaging in interstate commerce activities such as selling products online across multiple states. Furthermore, some banks require an EIN when opening up accounts related to business transactions even if there are no employees involved yet.