The Basics:
1. Pick a name for your LLC*
2. Provide your first and last name*
3. Provide your business address*
4. Provide a mailing address (if different)*
5. Provide a Person and Address where you can be served court papers if the need arises. This cannot be a mailbox place but it can be your home.*
6. Provide an email address.
7. Provide a password for your Secretary of State account.
8. Are there other members? Provide their names and addresses and their percentage of ownership*
9. Typically, I put you have contributed $1,000 for 100% ownership of the business, no one checks. Tell me if you want me to indicate a different initial contribution.
10. What type of business are you operating?
11. Provide your social security number
12. You’ll Zelle me at [email protected] Super Powered LLC the total of $487, which includes $70 in filing fees.
13. You’ll get an email from the Secretary of State when I set up your account and you’ll forward that to me.
14. Your LLC gets approved by the State, they will email you, you will text me.
15. I obtain your EIN – employer identification number from the IRS.
16. I file your Statement of Information
17. I register your business with the LA Dept of Tax and Finance (if you are in one of the cities of LA). This will be mailed to you.
18. I prepare your LLC packet, detailed below.
*The starred items above become Public Record
Ready to start? Call or text Dawn Super at 818-966-6444
Your LLC packet will contain:
Articles of Organization
Operating Agreement
EIN Number
Statement of Information
City of LA Business Tax Registration
Additional Details:
LLC - Articles of Organization - filed in your own account with the Secretary of State. *
LLC - Operating Agreement - filled in with your custom information, required kept in-house and to obtain a bank account.
EIN - Employer identification number, obtained from the IRS.
Statement of Information - required to be submitted within 90 days. Will be filed in your own account with Secretary of State once*
LA City Business Tax Registration - filed in your own account with LA City.
Optional S-Corp election - to change your tax status from C-Corp to S-Corp. Must be filed with 75 days of LLC. $100 fee
Optional - Agent for Service of Process. Protect your home address. $120/yr fee
Optional – Sales and Use tax registration. Needed if you plan to sell products and want a resale license to buy items wholesale. $100 fee
The Future:
· Each year you will need to file an updated Statement of Information. You can do this in your SOS account, or contact me and I will file it for $120 which includes the filing fee.
· Each year you will need to file a tax return with the city of Los Angeles business.lacity.gov your user name and password will be the same as your SOS account. I can help you with this return for $150 if you provide the calculations of revenue. I can assist with how to generate the calculations. If you earned less than $100,000, no tax will be due IF you file the return on time.
· Each year you will need to pay $800 to the State of California for the privilege of having a business here. Even if your company earns no revenue.
· If you file for the optional S-Corp election, you will pay less in taxes at the end of the year.
· If you are selling products and have a resale license you will need to submit sales tax calculations annually.
Ready to start? Call or text Dawn Super at 818-966-6444