You've learned when to consider forming an LLC. Now, let's look at the three practical steps to make it official.
This process is much simpler than most people think, and it's what truly separates the pros from the hobbyists.
Engagement Message
Are you ready to learn the three simple steps to registering your business?
The three essential steps are:
- Register your Business Name with your state (by forming the LLC).
- Get a Tax ID Number (EIN) from the IRS.
- Open a separate Business Bank Account.
You must do them in this order. Each step unlocks the next one.
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Which of these three steps sounds the most intimidating?
Step 1: Register Your Business. This usually means filing "Articles of Organization" for your LLC with your state's Secretary of State office. You can typically do this online for a small fee (around 200 depending on your state).
This is the step that officially creates the "protective wall" of your LLC.
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Have you ever searched your state's website for business registration information?
Step 2: Get a Tax ID Number (EIN). An EIN (Employer Identification Number) is like a Social Security Number for your business. The IRS uses it to track your business taxes.
Once your LLC is approved, you can apply for an EIN for FREE on the official IRS website. This takes about 5 minutes. Never pay a third-party service to get you an EIN.
