What are the steps to forming and registering a limited liability company (LLC) in Pennsylvania?
To form and register a limited liability company (LLC) in Pennsylvania, the following steps must be taken:
- Choose a name for your LLC: The name of your LLC should be unique and should not be similar to any other registered business entity in the state. Pennsylvania law requires that the name of an LLC include the words "Limited Liability Company" or the abbreviation "LLC".
- File Articles of Organization: In Pennsylvania, the Articles of Organization must be filed with the Department of State. The Articles of Organization must include the name of the LLC, the purpose of the LLC, the registered office address, the name of the registered agent, and the number of members. There is a $125 filing fee for the Articles of Organization.
- Create an Operating Agreement: An Operating Agreement is not required by law in Pennsylvania, but it is recommended. The Operating Agreement sets out the rules and regulations for how the LLC will be managed and operated.
- Obtain an EIN: An Employer Identification Number (EIN) is also known as a Federal Tax Identification Number, and is required if the LLC will have employees, or if it is taxed as a corporation. An EIN can be obtained from the IRS website.
- File a Docketing Statement: After filing the Articles of Organization, a Docketing Statement must be filed with the Department of State. There is a $70 fee for the Docketing Statement.
- Obtain any necessary permits and licenses: Depending on the nature of the LLC's business, it may be required to obtain various permits and licenses from the state or local government.
- Register for state taxes: The LLC must register with the Pennsylvania Department of Revenue for any state taxes that may be applicable, such as sales tax or employer withholding tax.
It is important to note that the above steps may not be exhaustive and may not apply to every LLC. It is recommended to consult with a licensed attorney or accountant to ensure all necessary steps are taken to form and register an LLC in Pennsylvania.