What should I do if I want to form an LLC in the USA?

In previous articles, we explained how easy and advantageous it is to form an LLC in the United States. In this guide, we detail the step-by-step process to set one up and get it running.

Step 1: Choose Your State of Formation

Selecting the state determines filing costs and requirements, as each state has its own LLC regulations. Choose the one that best fits your needs.

Step 2: Choose and Verify Your LLC Name

1. Pick a unique, memorable name.
2. Check name availability on the Secretary of State’s website under “LLC Name.”
3. Remember that most states require “LLC” at the end of the name.

Step 3: Establish a Business Address

The law requires every LLC to have a registered business address. This address is used for state notices, the Internal Revenue Service (IRS), banks, and payment processors.

Step 4: Appoint a Registered Agent

A registered agent receives legal and tax documents on behalf of the LLC. They must be a resident of the formation state and have a physical address there.

Step 5: File Articles of Organization

Submit the Articles of Organization and Operating Agreement to the state.

Estimated fee: Starting at USD 90 (varies by state).
Once approved, you’ll receive an official certificate of formation.

Step 6: Apply for an EIN

Complete IRS Form SS-4 and submit it to obtain your Employer Identification Number (EIN), required for invoicing and opening a bank account.

Response time: Up to 45 business days.
Fee: Free.

Step 7: Open a Business Bank Account

Open a U.S. bank account to operate in dollars and avoid currency exchange risks. Look for banks offering non-resident LLC accounts and online services.

Conclusion

Forming an LLC involves several steps, but following each one carefully ensures successful company formation. Review state requirements thoroughly to choose the best option for your business.

References

1. Cómo elegir nombre para su LLC_
2. How to start an LLC in 7 steps
3. Considerations in Forming a Limited Liability Company

For more information or personalized advice, contact us.