How to Form a Limited Liability Company (LLC)
Both thrilling and terrifying, starting a new business is a huge endeavor. A Limited Liability Company (LLC) is a popular business structure, which combines aspects of a corporation and a partnership. LLCs can be composed of multiple members or a sole proprietor. LLCs are advantageous business entities, because owners are protected from some or all debts and actions of the LLC. In addition, there remains the option for pass-through income taxation.
To form an LLC, you must prepare and file your articles of organization with the Oklahoma City Secretary of State. Firstly, the articles of organization require your company to have an acceptable name. The business name must contain the abbreviations LLC, LC, L.L.C. or L.C. Your company name cannot already be taken by another business.
You also must have a location for your business to reside. Be certain to secure all necessary permits. Of course, when starting a business, always consult with Oklahoma City corporate law lawyers. An attorney helps you draft a business plan, obtain permits and ensure the legality of your business dealings.
Oklahoma City corporate law attorneys also help you file all the appropriate documents with the correct organizations. When starting a new business, do not try to go at it alone. By consulting with attorneys and experienced business owners, you new company will be on the road to success in no time.