Formation is only the first step
After approval, preserve the formation record, prepare the operating agreement, obtain an EIN when appropriate, open a separate bank account, document initial funding, address licenses and tax accounts, and create a system for contracts, bookkeeping and compliance.
Organize the company
Start with authority, ownership and records.
Save the approved filing
Keep the state-stamped formation document and confirmation with the permanent company records.
Prepare the operating agreement
Document ownership, management, authority, financial rules and transfer provisions.
Approve initial actions
Record the important organizational decisions and who is authorized to act for the LLC.
Create separation
Set up the tax, banking and bookkeeping foundation.
Obtain the EIN
Apply directly with the IRS at no charge or use a service if you prefer guided assistance.
Open the bank account
Keep company funds separate and use the LLC's legal name and EIN where required.
Document funding
Identify whether money transferred to the LLC is a capital contribution, owner loan or other transaction.
Prepare to operate
Address the requirements that depend on the business.
Licenses, tax registrations, insurance, payroll and contracts depend on the company's location and activities. Create a recurring compliance calendar rather than treating approval as the end of the process.
Keep the next steps organized.
Use the LLC Startup Checklist alongside this guide.