What Do I Need to Create an LLC?

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Steps to Create an LLC

  1. Choose a business name
  2. Select a registered agent
  3. File formation documents
  4. Create operating agreement
  5. Get EIN
  6. Set up business license and permits

Making Money with an LLC

  1. Define business goals and target market
  2. Formally register your LLC
  3. Arrange financing
  4. Market services and products
  5. Provide consistent quality and value

Considerations for Starting an LLC

An LLC isn’t required to have income or post profits. You can choose how you want to be taxed, with potential tax savings. There is a management structure to select from, providing credibility and liability protection.

The cost to file an LLC is around $40-$500, with additional fees for a registered agent and physical address. These costs are tax deductible.

An LLC protects your assets if sued, with an Operating Agreement outlining rules to resolve issues. An LLC offers credibility, liability protection, and potential tax benefits for your side hustle, making it an affordable option.

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