Many people who set up their LLC on their own don’t realize just how much goes into this process. There are so many opportunities for mistakes and things to overlook.
In today’s episode of The Legal Jim we will be discussing all the things you must do AFTER you file you LLC to make sure you stay legally compliant.
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If you recently set up an LLC for your business, you may be wondering what you should do next. This is one of the most common things I get asked about by entrepreneurs who have scheduled a strategy session with me.
Unfortunately, filing some paperwork with the Secretary of State where you live is just not enough. But this is what a lot of people do. They file their Articles of Organization with the state, pat themselves on the back, and then go about their business.
If this is what you have done (or were thinking about doing) then you have made a huge mistake. Filing your LLC with the state is just the first of many things you must do if you want to make sure your business is legally protected.
Today I want to walk you through 6 things you need to do AFTER you have set up your LLC to make sure you are on solid legal ground.
- Prepare an operating agreement
- Get your EIN
- Open a business bank account
- Get the proper business licenses
- Get your contracts in place – Terms of Service, Privacy Policy, Terms of Sale, etc.
- Get business insurance
- Sign up for Payroll
- Consider registering your trademark (or assign your trademark if you already have one)
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Legal Disclaimer
The content of this podcast episode is provided for informational purposes only and is not intended to constitute legal advice. You should not rely upon any information contained on this podcast episode for legal advice. Listening to The Legal Jim Podcast is not intended to and shall not create an attorney-client relationship between you and James W. Hart or The Hart Law Firm, P.A. d/b/a Hawthorn Law. Messages or other forms of communication that you transmit to this website will not create an attorney-client relationship and thus information contained in such communications may not be protected as privileged. Neither James W. Hart nor The Hart Law Firm, P.A. makes any representation, warranty, or guarantee about the accuracy of the information contained in this podcast episode or in links to other podcasts, resources or websites. This podcast is provided “as is,” does not represent that any particular outcome will result from listening to this episode. Your use listening to this podcast is at your own risk. You enjoy this podcast episode and its contents only for personal, non-commercial purposes. Neither James W. Hart, The Hart Law Firm, P.A., nor anyone acting on their behalf, will be liable under any circumstances for damages of any kind.
