You might also consider whether a domain name is available that matches your business name. Choosing a unique name can help avoid confusion and trademark infringement claims. In addition to state law restrictions, it’s wise to research whether other similar businesses in your area are using the same name or a similar name. You should always check name availability in your state before filing LLC paperwork. You can search existing business names online in many states to determine whether your proposed LLC name is available. Many states also restrict companies from using certain words in their names, such as “bank.” So you can’t, for example, have “Joe’s Donuts, LLC” and “Joe’s Donuts, Inc.,” even if they’re located in different cities. Most states don’t allow two different business entities to have the same name. Every state has its own rules and procedures, but there are several steps you’ll need to follow to get your LLC up and running, no matter where you live. To form an LLC, you’ll need to file paperwork with the state where your business is located. LLCs are generally easier to set up and more flexible than corporations, and they tend to have fewer ongoing reporting requirements. An LLC, or limited liability company, exists separately from its owners (known as members), and the owners are therefore not personally responsible for business debts. Many small business owners decide to set up an LLC for the liability protection it provides.

Setting up an llc