|
Forming an LLC in West Virginia
Forming an LLC in West Virginia is not a complicated task, but if you are busy there is a wide assortment of available incorporation agencies that can handle the entire process for you for a moderate fee. Hiring an attorney is not required by West Virginia law, but it is still a good idea to let a legal expert check your Operating Agreement since this can save you problems with the IRS later.
Forming an LLC in West Virginia in 5 easy steps
- The first step when forming an LLC in West Virginia is to pick a name for the company. In order to adhere to West Virginia law, you must include a so called LLC identifier in the name, e.g. “Limited Liability Company”, “LLC” or “L.L.C.” You cannot choose a name that is already taken by another LLC and you must naturally stay clear of any trademark violations.
- Proceed by filing the Articles of Organization at the state filing office in West Virginia.
- The members of the LLC must have an organizational meeting where the Operating Agreement is formally adopted.
- After the organizational meeting, the LLC can acquire a Federal Employer Identification Number (FEIN) and open up its own account in a bank.
- Before the LLC can start doing business, it must obtain a local business license from each city or county where it wishes to be active.
Important facts to take into consideration before forming an LLC in West Virginia
- The minimum LLC state filing fee is $125.00 in West Virginia. (For 20 business days.)
- For an LLC formed in West Virginia, an annual report must be filed by April 1st each year. The annual report fee is $25.
|
