forming an llc in dc requires one to follow the process exactly as when forming a corporation. For instance, there is a requirement for the name of the LLC and all of its Washington DC address (not the same as the office of the Secretary of State). There is also a requirement that the LLC is registered with the Washington DC Office of the Secretary of State. The next step is to file the basic business license.
The name of the LLC is filed together with the names of its members, also called partners. All of them must sign the document and pay the filing fees. Then the lawyers verify the information and make sure the paperwork is complete and correct. Next, the partners file an income tax return with the IRS. In addition, they are required to report any income earned by the business on their individual federal tax returns and pay the corresponding taxes.
forming an llc in dc is similar to filing a corporation. But unlike a corporation, there's no need for a registered agent, which is a separate entity altogether. That means one does not need to appoint a secretary or a treasurer for the LLC. Instead, one may appoint any one of the members of the LLC. It's not necessary to file a separate check register for the LLC. Forming an LLC in DC is done by completing the online filing forms available at the state government's website or by contacting the appropriate local government.
Forming an LLC in DC
Once you know the basics of how to form an LLC in District of Columbia, it's time to move on to the next step - the filing of the Articles of Organization. To make sure that your LLC is recognized, the Articles of Organization must be filed along with the other legal papers. This is where having a qualified attorney is helpful. The qualified attorney will not only know the rules and regulations pertaining to the filing of the Articles of Organization but also have experience in the area of law that pertains to LLCs and how to make sure that they are filed properly.
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If you decide to use Washington DC online to start your LLC, you should note that most companies offering such services require you to pay a processing fee. The fees are usually very reasonable, especially when compared to the fees typically charged by most firms in the region. Most firms do offer free filing and handling of the Articles of Organization. A few do require a small processing fee, but the fee is minimal and well worth the cost if you're already well informed about incorporating.
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After you've decided what type of firm you want to form, the next step is to choose the name of your LLC. You can use either the name of your company or the name of the LLC itself, depending on the clarity of your business and the general sense of comfort in using the name of your organization. A short list of potential names is shown on the web page of the District of Columbia Office of the Attorney General. You can also contact the office for more information. There is also a fee for printing a biennial report on filing an LLC in DC. The fee is not however required if you file electronically.
When you have picked out the name of your LLC, the next step in the process is to pick out an accountant or tax professional to serve as the registered agent. A registered agent is a person whose responsibility it is to act on behalf of the entire LLC (including any subsidiary thereof) and who must sign all legal documents accompanying any transaction. Be sure that your accountant or tax expert has an up to date in number.
You'll need to provide the registered agent with a check or money order for the entire amount of money you need raised (which again should be at least once you reach this point in the process). On the day your application is filed with the appropriate District of Columbia officials, your registered agent will complete the necessary documents and mail them to the appropriate office for filing. On the day your application is filed with the Maryland corporation commission, your registered agent will complete the same papers, but instead will ship them to the Maryland department of revenue. Your registered agent then becomes responsible for collecting the Maryland sales tax from your customers. He will also receive a certificate of deposit (CD), which he should keep with the state of Maryland.
One final note: The District of Columbia requires its businesses to be licensed by the Maryland Corporation Commission and they must meet all of the state's requirements before they are deemed "licensed." The only requirements that do not apply to all businesses filing an LLC in DC are the filing of a fictitious name, paying the filing fee, and paying the one-time filing fee. Businesses can still become licensed after the one-time fee is paid, but not if they are still in business. So make sure you're following all of the state's requirements before filing an LLC in DC.
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