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Forming an LLC in Pennsylvania
Forming an LLC in Pennsylvania is not difficult and there are only a few forms to keep track of. If it still seems difficult or if you are busy managing your enterprise, there are a lot of incorporation companies that will do all of the administration for you for a moderate fee. To avoid trouble with the IRS, it is safest to get an attorney to look over the Operating Agreement. An attorney is not required by law, but it is better to be safe than sorry.
Forming an LLC in Pennsylvania in 5 easy steps
- The first step is to select a name for your LLC. The name must contain an LLC identifier, i.e. "Limited Liability Company" or an abbreviation thereof. It must also be available (not used by another LLC) and it cannot violate trademark law. When forming an LLC in Pennsylvania, there is a long list of restricted or prohibited terms to take into account. Some terms cannot ever be used, e.g. words that constitute blasphemy, profane cursing or swearing, or words that profane the Lord’s name. Other terms can be used after licensing or registration with the right authority, e.g. ‘‘architect’’, ‘‘engineer’’ and ‘‘pharmacist”. To obtain a complete list of restricted/prohibited terms, please contact the Pennsylvania State filing office.
- Step number two requires you to file an Article of Organization with the filing office in the state of Pennsylvania.
- Step number three means that an organizational meeting has to be held with all of the members of the LLC so that an Operating Agreement can be adopted.
- When the Operating Agreement has been formally adopted, it is time to get a bank account for your company and obtain a Federal Employer Identification Number (FEIN).
- The final and fifth step is to get business licenses from all of the cities and counties in which the LLC will be doing business.
Important facts to take into consideration before forming an LLC in Pennsylvania
- The minimum filing fee is $125.00 in Pennsylvania. (For 40business days.)
- Forming an LLC in Pennsylvania means that you never have to submit Annual Reports or pay Annual Report Fees. This makes Pennsylvania different from most other states.
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