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Top 4 Documents for New LLCs
So You’ve Incorporated as an LLC. What’s Next?
1. Create an LLC Operating Agreement
After you’ve incorporated with your state, it’s time to make an LLC Operating Agreement. An Operating Agreement allows you to define your company’s goals and purpose, set roles for members, split profits and responsibilities, and even determine what happens if one of your owners decides to quit. It’s the most important document you’ll make for your new LLC.
We also provide a Single Member LLC Operating Agreement for business owners who've formed as a solo Limited Liability Company.
2. Choose a Registered Agent
A registered agent is the person or company who receives legal or tax documents on behalf of a business. Every business needs one and your LLC is no exception. Who serves as your agent, on the other hand, is up to you. You can choose to be your own registered agent, though that could be problematic if you’re served papers and are out on a job or enjoying a vacation. And if you work at home, that means your address can become public. That’s something many owners simply don’t want.
Rocket Lawyer can help. We’ve served as a registered agent for businesses in all 50 states and can help keep you compliant with your state and local governments. Just head to our Registered Agent Services page to get started. It only takes a few minutes to secure a dedicated registered agent for your growing small business.
3. Secure Permits and Licenses
Depending on the kind of business you’re running, you may need to get a few permits and licenses from your state or local government. For example, if you’re running a restaurant, you’ll probably need to schedule a health inspection before you open your doors. You may need to apply for a seller’s permit, a signage permit, a zoning permit, or any number of local licenses, but again, these vary depending on what your business is doing and where your business is operating. It’s a great idea to ask a lawyer what’s necessary where you live.
4. Plan for the Future
Every state has different ongoing requirements for LLCs. Some require companies to file annual or biennial reports, while others simply require yearly fees to do business in the state. And nearly every state expects LLCs to keep financial and employment records at the ready. The penalties for failing to stay compliant can be costly, so it’s a great idea to plan ahead and make certain you’re staying on top of your responsibilities. If you’re having any trouble, feel free to give us a call at (800) 518-8976 or just ask a lawyer your question.
Have a question?I'm here to help Matthew A.
Rocket Lawyer Business Specialist (877) 881-0947