Foundation > Introduction to LLCs

Step-by-Step Guide to Prepare for Your LLC

Understanding what an LLC is crucial for setting up your business effectively. An LLC, or Limited Liability Company, blends the flexibility and tax benefits of a partnership with the personal asset protection of a corporation. This structure shields your personal assets from business liabilities and offers a versatile way to manage and run your business. Follow the course in the listed order but keep in mind these steps are essential and should not be missed. This lesson cover the key documents you'll need to file for your LLC.

Taking the time to plan thoroughly can save you time, money, and headaches in the long run.

Key Documents

Articles of Organization: The main document filed with the state to create your LLC. Check out the Articles of Organization lesson for details.
Operating Agreement: Outlines how your LLC will be run and prevents conflicts. Visit the Operating Agreement lesson for more.
Statement of Information: Filed yearly to keep your LLC in good standing. Learn more in the Statement of Information lesson.

Other Important Stuff

LLC Name: Pick a unique name that meets California's rules. See the LLC Name lesson for tips.
Registered Agent: The person or company who gets legal documents for your LLC. Find out more in the Registered Agent lesson.
Filing Fees: Budget for the fees to form your LLC. Get the details in the Filing Fees lesson.