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What steps do I need to take to set up an LLC?
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1. Choose a name for the LLC and ensure it meets the requirements and standards of the state in which your LLC will exist.
2. File the Articles of Organization with the state to register the LLC.
3. Choose a registered agent to receive any legal documents or notifications on behalf of the LLC.
4. Draft an Operating Agreement to outline how the LLC will be managed and operated.
5. Obtain an Employer Identification Number (EIN) from the IRS.
6. Open a business bank account.
7. File any necessary permits or business licenses in the LLC’s state.
8. Consider registering for state and local tax accounts.
9. Follow the requirements for any ongoing filings with the state.