ForumsStarting a Business

NeoSuplex,

Filing an LLC is usually an easy process that you can do on your own without incurring legal fees. The best place to start is the website of your state's "Secretary of State".

Good luck!

A few questions on that... What's the difference between a manager and a member? Also, what is the role of an organizer?

First, check with your accountant to find out what your tax and liability advantage is as an LLC vs. a sub chapter "S" or "C" corporation. First choose which one allows you the most freedom, financially and make certain that you are free to bankrupt the company without having to bankrupt personally.

You should be able to open the LLC or the Corporation YOURSELF, on-line. It takes about 90 minutes to go from A-Z and you'll have everything. You need to obtain a Federal Employer ID # (by phone) and you will likely have to get a business Occupational License in you town, county and state. Your town will tell you what you need by, phone or in person.

If you open an LLC, you would be the "Managing Member". Here in FL, for a smaller, individual business, this is the best way to go. You can still have employees, as needed and it is fine as long as you keep it small. If you will have employees, from the outset, a Sub Chapter "S" Corporation would be most appropriate (opens just as easily, on-line), but watch out, because your employees will be required to be provided with Work Comp.

" Federal Employer ID # (by phone)"

Can actually be obtained from IRS.gov in about 30 seconds and printed right at that time.