Basic Steps to Form an LLC
One of the most basic licenses that you have to acquire is the business license because that is the permit which allows you to sell your product or services.
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1Obtain Any Necessary Business Licenses and Permits.2Get a Seller's Permit.3Get an Employer Identification Number (EIN).4Apply for S Corporation S Treatment (If Applicable).5Open a Business Bank Account.6Apply for a Business Credit Card.7Insure Your Business.
Protected assets. LLCs provide limited liability protection to their owners (members), who are typically not personally responsible for the business debts and liabilities of the LLC. Creditors cannot pursue the personal assets (house, savings accounts, etc.) of the owners to pay business debts.