How To Setup a US LLC With TailorBrands

Introduction.

Starting a business can feel like a mountain to climb. There are so many details to figure out—especially when it comes to the legal side of things.

One of the best ways to protect yourself and your business is by setting up an LLC (Limited Liability Company).

Not only does it give you personal liability protection, but it also makes you look more professional to clients and partners.

Now, setting up an LLC on your own might sound complicated and a little intimidating, but it doesn’t have to be.

Thanks to companies like TailorBrands, you can get the job done with ease. TailorBrands makes forming an LLC simple, affordable, and fast.

In this guide, I’m going to walk you through everything you need to know about setting up a US LLC using TailorBrands.

Let’s dive into it.

Why Set Up an LLC?

Before jumping into the “how,” let’s first talk about why setting up an LLC is so important.

An LLC is a business structure that blends the personal liability protection of a corporation with the tax flexibility of a partnership. Here’s what that means for you as a business owner:

Personal Liability Protection: One of the main reasons people set up an LLC is to protect their assets. If your business faces legal trouble or debt, your assets (like your house, car, or personal savings) are generally shielded from the business’s liabilities.
Tax Flexibility: LLCs have more flexible tax options compared to other business structures. For example, LLCs can choose to be taxed as a sole proprietorship, partnership, S-corporation, or C-corporation, which gives you more control over your tax situation.
Simple to Maintain: An LLC is easier to maintain than a corporation. There are fewer paperwork requirements, and the rules are often more relaxed.

If you’re serious about building a business that’s both legally protected and tax-efficient, setting up an LLC is often the smartest choice. But, setting up an LLC doesn’t have to be difficult. This is where TailorBrands comes in.

What Is TailorBrands?

TailorBrands is an online platform designed to make the process of setting up a business smooth and simple.

Whether you’re looking to register an LLC, create a logo, or build your brand from scratch, TailorBrands offers tools and services that can handle it all.

When it comes to setting up an LLC, TailorBrands takes care of all the paperwork, filing, and registration for you.

No need to stress over confusing forms or wading through government websites. You can easily set up your LLC in just a few simple steps.

How Do I Set Up My LLC with TailorBrands?

Alright, now let’s get into the details of how to set up your LLC using TailorBrands. It’s easier than you might think. Here’s what you need to do:

1. Choose Your LLC Package

TailorBrands offers a few different packages, depending on what you need for your business. Each package includes essential services like:

Filing your Articles of Organization (which is the main document needed to form your LLC).
A free operating agreement template.
A registered agent service to handle legal mail.

The packages vary in price, so you can choose one that fits your budget. TailorBrands’ basic package is pretty affordable, but if you want extras like an EIN (Employer Identification Number) or faster processing, there are higher-tier options.

2. Pick Your State of Formation

Next, you’ll need to decide in which state you want to form your LLC. This is important because the rules and fees for LLCs can vary from state to state.

For most people, forming an LLC in the state where they’re doing business is the easiest route. However, some people choose to form their LLCs in states like Delaware or Nevada because those states offer special advantages, like no state income tax or minimal reporting requirements.

TailorBrands helps guide you through this process and makes it easy to select the state that’s right for your business.

3. Name Your LLC

Every LLC needs a name, but there are a few rules to keep in mind. First, your name must be unique and not too similar to an existing LLC or corporation in your state. Second, your name must end with “LLC,” “L.L.C.,” or “Limited Liability Company” to show that it’s an LLC.

TailorBrands has a business name generator tool that helps you come up with a catchy and unique name if you’re stuck on ideas. Once you’ve picked your name, TailorBrands will search to make sure it’s available.

4. File Your LLC Articles of Organization

Once you’ve selected your package, state, and name, the next step is to file your LLC’s Articles of Organization. This is a form that you’ll need to submit to the state to officially create your LLC.

TailorBrands takes care of this filing for you, so you don’t need to worry about filling out paperwork or navigating the state’s website. They’ll submit your form and handle any follow-up.

5. Create Your Operating Agreement

Although it’s not required in every state, it’s a good idea to have an LLC operating agreement. This document outlines how your business will be run, how profits will be distributed, and what happens if a member wants to leave the LLC.

TailorBrands provides a free, customizable template for your operating agreement. It’s an easy way to make sure you have this important document in place.

6. Obtain Your EIN (If Needed)

An Employer Identification Number (EIN) is like a social security number for your business. You’ll need it for things like opening a business bank account, filing taxes, and hiring employees.

TailorBrands can help you apply for an EIN if you don’t already have one. You can also apply for one yourself through the IRS, but having TailorBrands handle it for you saves time and ensures everything is done correctly.

7. Set Up Your Business Bank Account and Get Started

Once your LLC is officially set up, you can open a business bank account and start doing business legally. You’ll have the peace of mind that comes with knowing your assets are protected, and you’re on the right track to growing your business.

Frequently Asked Questions

1. How much does it cost to set up an LLC with TailorBrands?

The cost depends on the package you choose, but TailorBrands’ basic LLC package starts around $0 for the first year (you only pay state filing fees). The more comprehensive packages, which include additional services like EIN and expedited processing, can cost more.

2. Can I set up an LLC by myself without using TailorBrands?

Yes, it’s possible to set up an LLC on your own by filing directly with the state. However, the process can be time-consuming, and you might get overwhelmed by the paperwork. Using TailorBrands simplifies everything and ensures that you don’t miss any important steps.

3. Do I need a registered agent for my LLC?

Yes, most states require that your LLC has a registered agent. This is someone (or service) who receives legal documents and official government correspondence on behalf of your LLC. TailorBrands includes a registered agent service in its packages.

4. What’s the difference between an LLC and a corporation?

An LLC provides liability protection without the complex rules and paperwork of a corporation. It’s often more flexible and easier to maintain. Corporations, on the other hand, have more regulations and are usually used by larger businesses or businesses looking to raise capital by selling stock.

Conclusion

Setting up an LLC doesn’t have to be a daunting task. With TailorBrands, the whole process can be quick, easy, and stress-free.

Whether you’re a new entrepreneur or an experienced business owner, using a service like TailorBrands can save you time, effort, and money, letting you focus on growing your business instead of dealing with legal paperwork.

Are you ready to take your business to the next level with an LLC?