Forming an LLC

Forming an LLC (Limited Liability Company) involves legally establishing a business structure that separates your personal assets from business liabilities. This process typically includes choosing a unique business name, filing articles of organization with your state government, and paying a filing fee. An LLC provides liability protection, meaning your personal assets are generally protected if the business faces legal issues or debt. It also offers flexibility in management and tax options. Once formed, you may need to obtain certain licenses or permits depending on your business type and location. Overall, forming an LLC helps formalize your business while offering protection and structure.