An LLC is formed with what is known as articles of
organization. These articles are essentially
the same with most businesses. Some may
have a few extra specifications depending on the number of people forming the
LLC.
The articles of organization simply spell out the name of
the business, who owns the businesses, and the address where the owners can be
contacted. They also state that the
business is separate from the owners, and that the owners cannot be held liable
for the actions of the company—unless the actions are known to be fraudulent.
Typically for the reasons that you would be forming an LLC,
the articles of organization will be two to three pages at the most. However, it is these two or three pages that
will create the separate entity that you can use in your everyday life.
Once the articles of organization are put on paper, they
must be registered with your local probate court. This usually involves taking them to the
probate court and paying a county and state fee to register the LLC and record
the document.
Depending on the area in which you live, there may be taxes
imposed on the LLC. There may also be
rules regarding whether you need to obtain a business license for your new
entity. You will need to consult your
local business laws and regulations to determine if this applies to your
situation.