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Everything You Need to Know About Forming Your Business

Starting a company doesn’t have to be complicated. We make the process simple, affordable, and fully transparent, allowing you to focus on running your business while we handle the paperwork.

What’s Included in Every Formation Package

We provide all the essentials you need to get started the right way:
• ✅ Business Name Availability Check
• ✅ Drafting & Filing of Formation Documents
• ✅ State Formation Filing
• ✅ EIN (Tax ID) Application Assistance
• ✅ Business Bank Account Setup Guidance
• ✅ Post-Formation Compliance Support

Additional Services Available

Need more than the basics? We offer add-ons to keep your company running smoothly:
• Operating Agreement (LLC) / Corporate Bylaws
• Registered Agent Service (available in all 50 states)
• Annual Report Filing Support
• Certificate of Good Standing
• Business Address / Virtual Office Options
• Expedited Filing Service (where available)
• Amendments & Changes (adding members, updating information)
• Dissolution Services (properly closing a business)

How the Process Works

Forming your business with us is simple and straightforward:
1. Choose Your Package – Select the service that fits your needs.
2. We Handle the Filing – We draft and submit your paperwork to the state.
3. Receive Official Documents – Once approved, you’ll receive certified state documents.
4. Get EIN & Bank Setup – Apply for your Tax ID and open a business account.
5. Stay Compliant – We support you with ongoing compliance to ensure you remain in good standing.

Pricing & State Fees: Our service fee is always transparent. State filing fees vary depending on where you form your business and typically range from $50 to $500. We will provide the exact cost for your state before filing.

Core Business Formation Topics

What is an LLC?

A Limited Liability Company (LLC) is a flexible business structure that combines the limited liability protection of a corporation with the simplicity of a sole proprietorship or partnership. Owners (called members) are not personally responsible for business debts, and profits can “pass through” to their personal tax returns.

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What is a C Corporation?

A C Corporation (C Corp) is a separate legal entity from its owners (shareholders). This means the business itself pays corporate taxes, and owners pay taxes on dividends. C Corps are ideal for raising capital, issuing stock, and building long-term growth. Many large companies operate as C Corps because of their flexibility in ownership and funding.

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What is a Nonprofit?

A Nonprofit Corporation is formed for charitable, educational, religious, or community purposes. Instead of distributing profits to owners, nonprofits reinvest earnings into their mission. Many nonprofits qualify for federal and state tax exemptions, which means donations to them can be tax-deductible.

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LLC vs. C Corp vs. S Corp — What’s the Difference?

• LLC: Simple, flexible, and suitable for small businesses or startups. Owners pay taxes on personal returns.
• C Corp: Best for growth, attracting investors, and issuing stock. Separate corporate taxes apply.
• S Corp: A special tax election available for LLCs or Corporations that allows profits and losses to pass through to owners, avoiding “double taxation.” Restrictions apply (e.g., shareholder limits).

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What is a DBA (Doing Business As)?

A DBA, or “Doing Business As” name, is also known as a trade name or fictitious business name. It allows a business to operate under a name different from its legal entity name. For example, “Smith Holdings LLC” may file a DBA to operate as “Smith Consulting.”

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What is a Registered Agent and Why Do I Need One?

A Registered Agent is an individual or company responsible for receiving official legal and tax documents on behalf of your business. Most states require every LLC or Corporation to maintain a registered agent with a physical address in the state of formation. This ensures that the state can always reach your company for compliance or legal matters.

Step-by-Step Guides

How to Start an LLC
1. Choose a Name – Ensure it is unique and available in your state.
2. Appoint a Registered Agent – This individual is required to receive legal documents.
3. File Articles of Organization – Submit your formation paperwork to the state.
4. Create an Operating Agreement – This document outlines the ownership and management structure.
5. Obtain an EIN (Tax ID) – This is necessary for taxes, hiring employees, and banking.
6. Open a Business Bank Account – This keeps your finances separate and maintains a professional appearance.
7. Stay Compliant – Be sure to file annual reports and pay any required state fees.

How to Start a C Corporation

1. Choose a Business Name – Must meet state rules and be unique.
2. Appoint a Registered Agent – Required for service of process.
3. File Articles of Incorporation – Establishes your corporation legally.
4. Create Corporate Bylaws – Internal rules for governance and operations.
5. Hold an Initial Board Meeting – Elect directors, issue shares, and record minutes.
6. Obtain an EIN – Apply with the IRS.
7. Open a Business Bank Account – Keep company finances separate.
8. Stay Compliant – File annual reports, hold shareholder meetings, and maintain minutes.

How to Apply for an EIN (Tax ID)

1. Determine Eligibility – You must have a valid Taxpayer ID (SSN, ITIN, or existing EIN).
2. Apply Online with the IRS – This is the fastest and free option; approval is immediate.
3. Get Your EIN Letter – You will receive a confirmation (SS-4 notice).
4. Use Your EIN – It is needed for banking, employees, and tax filings.

How to Open a Business Bank Account

1. Gather Documents – Formation documents, EIN, and Operating Agreement/Bylaws.
2. Choose a Bank – Compare fees, services, and business perks.
3. Deposit Funds – Make your initial contribution.
4. Maintain Separation – Never mix personal and business funds.

How to File an Annual Report

1. Check State Deadlines – Each state has different filing dates.
2. Gather Information – Include business address, officers, registered agent, etc.
3. File Online or by Mail – Submit to your state’s Secretary of State office.
4. Pay the State Fee – Usually ranges from $50 to $400, depending on the state.
5. Keep Confirmation – Proof of good standing may be needed for banking or contracts.

How to Change Your Business Name

1. Check Name Availability – Ensure the new name is not already taken.
2. File an Amendment – Submit the name change paperwork with your state.
3. Update IRS and EIN Records – Notify the IRS of your new name.
4. Update Licenses & Accounts – Inform your bank, vendors, website, and marketing channels.

How to Dissolve a Company

1. Vote/Decide to Dissolve – Members or shareholders must approve the dissolution.
2. File Articles of Dissolution – Submit the official paperwork with your state.
3. Resolve Debts and Obligations – Pay creditors and close any outstanding accounts.
4. Distribute Remaining Assets – Allocate assets according to ownership or share percentages.
5. Cancel EIN and Licenses – Notify the IRS and relevant state agencies.

Before You Start

1. Company Name

• Must be unique in that state and include “LLC” or “Limited Liability Company.”
• Check the state’s database to avoid conflicts.

2. Formation Type

• Choose between a Single-Member or Multi-Member LLC.
• Decide if it’s a Domestic LLC (formed in that state) or a Foreign LLC (formed elsewhere but operating there).

3. Registered Agent

• Required in every state.
• Must have a physical address in the state (not a P.O. Box).
• Can be yourself, a local individual, or a professional registered agent service.

4. Filing

• File Articles of Organization (or Certificate of Formation/Organization, depending on the state) with the Secretary of State.
• State filing fees vary widely (ranging from $40 to $500+ depending on the state).
• Once approved, your LLC is official.

5. Operating Agreement

• Not required in most states, but highly recommended everywhere.
• Defines ownership, member duties, and how profits are distributed.
• Protects your liability shield.

6. EIN (LLC Tax Number)

• Apply with the IRS (free).
• Required for taxes, hiring, and opening a bank account.
• Even single-member LLCs usually need one.

7. LLC Bank Account

• Open a separate business bank account in the LLC’s name.
• Keeps finances organized and protects your liability.
• Some banks require an in-state address or an in-person visit.

8. Local Laws & Compliance

• Each state requires:
• Annual Reports / Franchise Taxes (cost varies: some $0, others $800+ like California).
• Maintaining a registered agent.
• Some cities/counties require business licenses.

9. Company Phone & Contact Info

• Set up a dedicated phone line (VOIP, Google Voice, etc.).
• Create a professional email (e.g., info@YourLLC.com).

Why Choose Us?

Unlike other providers, we focus on:
• Simplicity – Clear steps, no confusing add-ons.
• Transparency – Flat fees, no hidden costs.
• Ongoing Support – We’re here after formation, not just during it.

Ready to Form Your Business?

Take the first step toward launching your company today.

Frequently Asked Questions

Q: Do I need an EIN?

A: Yes, In most cases. An EIN (Employer Identification Number) is required to open a business bank account, hire employees, and file taxes. Even if you are a single-member LLC or a corporation with just yourself, most banks require it. It also helps separate your personal identity from your business.

Q: Do I need Operating Agreement if it's just me?

Yes. Even if you’re the only owner, an Operating Agreement (for LLCs) or Corporate Bylaws (for corporations) is important. It prove your business is a separate legal entity, protects your limited liability status, and is often required when opening a business bank account or dealing with investors? partners later.

Q: How much is the state fee?

The state filing fee depends on the state where you form your business. Fees typically range from $50 to $500, with most states falling between $100 and $200. we’ll guide you through your state’s exact cost and make sure its included in your filing.

What happens after filing?

Once your formation is filled and approved by the state, you’ll receive your official documents (such as Articles of Organization or incorporation). From there, you’ll be able to open a business bank account, apply for your EIN, and help with ongoing compliance so you stay in good standing year after year.

Eluntra is not a law firm and doesn’t give legal advice. Using our products and services is subject to our Terms of Service and Privacy Policy Information you share with Eluntra isn’t protected by attorney-client privilege..