To form a limited liability company (LLC) in Pennsylvania, you must complete the following steps:
- Choose a name for your LLC that complies with Pennsylvania's naming requirements. Your name must be distinguishable from the names of other businesses in the state, and it cannot imply that your LLC is a government agency or otherwise misrepresent its purpose.
- File a Certificate of Organization with the Pennsylvania Department of State. This document should include the name of your LLC, its purpose, the name and address of your registered agent, and the names and addresses of its members or managers.
- Obtain an EIN (Employer Identification Number) from the IRS. This is necessary if your LLC plans to have employees, open a bank account, or file taxes.
- Create an Operating Agreement for your LLC. Although it is not required by law in Pennsylvania, it is highly recommended. This document outlines the rights and responsibilities of the members, as well as the rules and procedures for managing the LLC.
- Register with the Pennsylvania Department of Revenue if your LLC plans to collect sales tax or hires employees. You will need to obtain a Sales Tax License and Employer Identification Number.
- File an annual report with the Pennsylvania Department of State. LLCs must file an annual report each year, which includes updated information about the LLC's members, managers, and registered agent. The fee for filing an annual report is $70.
It is important to note that this information is subject to change and may not be complete or applicable to every situation. It is advisable to seek the advice of a licensed attorney who specializes in business law to ensure you are in compliance with all applicable laws and regulations.
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