|
Forming an LLC in Alabama
Forming an LLC in Alabama is not difficult. You can either do it yourself or pay an incorporation company to help you. If you decide to do it on your own, it can be a good idea to hire an attorney to look at the Operating Agreement. This is not mandatory; put poorly written Operating Agreements can render your problems with the IRS since you may be taxed as a corporation instead of an LLC.
Forming an LLC in Alabama in 5 easy steps
- Choose a name for you company. Alabama state law conditions that the company name must include an LLC identifier, e.g. Limited Liability Company, Ltd Liability Company or LLC. The name of your company cannot be the same as the name of any other LLC or violate trademarks. The terms “engineer”, “trust”, “bank” and “banking” are protected by Alabama state law and require a special license if you want to include them in the name.
- File Articles of Organization at the Alabama State filing office.
- Hold an organizational meeting where you adopt an Operating Agreement for you LLC.
- Obtain a Federal Employer Identification Number (FEIN) and open a company bank account for your LLC.
- Obtain a local business license for your LLC from each city or county where you plan to do business.
Important facts to take into consideration before forming an LLC in Alabama
- The minimum Alabama LLC state filing fee is $90.00. (For 40 business days.)
- For an LLC formed in Alabama, an annual report must be handed in 3.5 months after the end of each fiscal year. The annual report fee is $40.
|
