How To Get An LLC In Pennsylvania
How To Get An LLC In Pennsylvania
A limited liability company (LLC) is a business structure that offers the benefits of both a corporation and a partnership. Like a corporation, an LLC provides limited liability to its owners, meaning that the owners’ personal assets are not at risk in the event of a lawsuit. Like a partnership, an LLC is relatively easy to set up and operate.
This can be done yourself by visiting theĀ Pennsylvania Secretary of StateĀ website by following theĀ LINKĀ and following the steps listed below. You can also get an LLC in Pennsylvania by contacting our Business Formation Specialists atĀ BusinessšRocketĀ for assistance. The team at Business Rocket has the knowledge and experience to file the documents on your behalf so you get the most benefits from whatever business structure you select.
If you’re thinking about starting a business in Pennsylvania, forming an LLC is a great option. Here’s a step-by-step guide on how to do it.
Step 1: Choose a Name
The first step is to choose a name for your LLC. Your name must be unique and cannot be the same as any other business name registered in Pennsylvania. You can search the Secretary of State’s website to see if your desired name is available.
Step 2: File a Certificate of Organization
Once you’ve chosen a name, you’ll need to file a Certificate of Organization with the Pennsylvania Department of State. The filing fee is $125. You can file your Certificate of Organization online or by mail.
Step 3: Choose a Registered Agent
Every LLC must have a registered agent. A registered agent is a person or business that is authorized to receive legal notices on behalf of your LLC. You can be your own registered agent, or you can hire a registered agent service.
Step 4: Get an Employer Identification Number (EIN)
If you have any employees, you’ll need to get an EIN from the Internal Revenue Service (IRS). An EIN is a nine-digit number that identifies your business for tax purposes. You can apply for an EIN online or by mail.
Step 5: Create an Operating Agreement
An operating agreement is a legal document that outlines the rules and regulations of your LLC. It’s important to create an operating agreement, even if you’re the only member of your LLC. An operating agreement can help to avoid disputes down the road.
Step 6: Get Business Insurance
Business insurance is not required in Pennsylvania, but it’s a good idea to get it. Business insurance can protect you from lawsuits and other financial losses.
Step 7: File Annual Reports
Every LLC in Pennsylvania is required to file an annual report with the Department of State. The filing fee is $25. You can file your annual report online or by mail.
Benefits of Forming an LLC in Pennsylvania
There are many benefits to forming an LLC in Pennsylvania. Some of the benefits include:
- Limited liability: The owners of an LLC are not personally liable for the debts and liabilities of the business.
- Pass-through taxation: The profits and losses of an LLC are passed through to the owners, who report them on their personal tax returns. This can save the owners money on taxes.
- Flexibility: LLCs are relatively easy to set up and operate. They can also be easily changed or dissolved.
Conclusion
Forming an LLC is a great way to protect your personal assets and save money on taxes. If you’re thinking about starting a business in Pennsylvania, forming an LLC is a great option.
Call to Action
If you’re ready to form an LLC in Pennsylvania, we can help. We offer a variety of services to help you get started, including:
- Name searching
- Certificate of Organization filing
- Registered agent service
- EIN assistance
- Operating agreement drafting
- Business insurance
- Annual report filing
Contact us today to learn more about how we can help you form an LLC in Pennsylvania.
How To Get An LLC in Different States:
AL |AK | AZ | AR | CA| CO | CT | DE | DC | FL | GA | HI | ID | IL | IN | IA | KS | KY | LA | ME | MD | MA | MI | MN | MS | MO | MT | NE | NV | NH | NJ | NM | NY | NC | ND | OH | OK | OR | PA | PR | RI | SC | SD | TN | TX | UT | VT | VA | VI | WA | WV | WI | WY