MAKE IT REAL.. GET AN LLC

   Hopefully you're not like me. I have been planning.. and planning.. and planning to start my own REI company. I spent 80% of 2018 preparing. The most I've done up until this point is chat for  45 min with my bank's Loan Officer. The fear has been not knowing enough about the game to step out. When is the perfect time?? When will we ever know enough? The answer is never. I have decided to make this thing real by creating my LLC next month, This is my goal for March, I'm going to set a new goal each month in order to get the wheels moving. I've added a helpful list of the steps required to obtain your LLC ( if you haven't already). If you have, feel free to share any lessons learned or suggestions for us newbies. 

FIVE STEPS TO SETTING UP YOUR LLC

• Choose a business name: First and foremost, you will want to research your state’s rules on setting up an LLC, such as through this guide provided by the U.S. Small Business Administration. The first step is selecting a business name, which will always be followed by a comma and the letters “LLC.” Make sure to run a search to make sure that your desired business name is not already taken.
• File the “Articles of Organization”: Once the business name and business address are determined, a document entitled the “Articles of Organization” must be filed with your state’s LLC office, typically the Secretary of State. The document is often available as a simple, fillable form that can be found on the Secretary of State website, along with submission instructions. Once prepared, the document can be submitted by mail or in person with a filing fee.
• Create an Operating Agreement: An LLC Operating Agreement is not formally filed with the state, but should document how the LLC will be organized and run internally. This may include the method of choosing managers, rights and duties of members, and how profits or losses are distributed.
• Publish your intent to file: Although required only by a few states, find out whether or not you are required to publish an intent to file through your local newspaper. Otherwise, your LLC is considered officially formed once your Article of Organization are accepted and approved by your Secretary of State.
• Obtain required licenses and permits: Once your LLC has officially been set up, you can take your process a step further by obtaining any businesses licenses and permits that might be required. In addition, do not forget to apply for a tax identification number, through the IRS, for your new business.

Source: https://www.fortunebuilders.com/beginners-guide-st...