If you’re thinking about setting up an LLC in Pennsylvania, here’s a step-by-step guide to help you get started.
1. Choose a name for your LLC.
- The name of your LLC must include the phrase “Limited Liability Company,” “L.L.C.,” “LLC,” or “LC.” It can also include the abbreviations “Ltd.” and “Co.”
- Your LLC’s name must be distinguishable from the names of other business entities already on file with the Pennsylvania Department of State.
- You can search for existing business names through the Department of State’s Business Entity Search tool.
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2. File your Articles of Organization with the Department of State.
- To form your LLC in Pennsylvania, you must file your Articles of Organization with the Department of State’s Bureau of Corporations and Charitable Organizations.
- The filing fee is $125. You can file online, by mail, or in person.
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3. Appoint a registered agent for your LLC.
- Every LLC formed in Pennsylvania must have a registered agent—an individual or business entity designated to receive service of process on behalf of the LLC.
- The registered agent must have a physical address in Pennsylvania and be available during normal business hours to accept service of process on behalf of the LLC.
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4. Create an operating agreement for your LLC.
- An operating agreement is not required by law in Pennsylvania, but it’s a good idea to create one anyway.
- This document outlines the ownership and management structure of your LLC, as well as its internal rules and regulations.
- Having an operating agreement can help prevent disagreements among members down the road and make it easier to resolve them if they do arise.
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5. Comply with other tax and regulatory requirements.
- Depending on the nature of your business, you may need to obtain other licenses and permits before you can start operating your LLC in Pennsylvania.
For example, businesses that sell food or alcohol, offer professional services, or engage in certain types of manufacturing will need to obtain specific licenses and permits from state agencies.
- You should also check with your local municipality to see if there are any additional requirements at the local level.
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6. Open a business bank account.
- Once you’ve obtained all the necessary licenses and permits, you’ll need to open a separate bank account for your LLC. This will make it easier to track expenses and manage your finances going forward.
Setting up an LLC in Pennsylvania is a relatively simple and straightforward process. By following these six steps, you can get your new business up and running quickly and efficiently. Once you’ve taken care of all the paperwork, it’s time to start thinking about marketing, hiring employees, and other ways to grow your new business venture!