New LLC

Starting an LLC can be a daunting process, and getting off on the right foot is important. Moreover, in the event you get sued or audited, the court will look to see if the LLC is conducting itself as its own separate entity rather than an alter ego of you personally. If the court does find the LLC is an alter ego of yourself, then you will be held personally liable for instead of the start-up LLC. Similarly, it’s necessary to get the right folks to help you out as your build your business. Here’s a checklist to help you after you’ve filed your articles of organization, and finalized your operating agreement. Completing these items will help your protect your personal assets, business and intellectual property.  

The List

• Hold a First Meeting of the Members (even if your a single member LLC)
• Appoint Managers and formally adopt the operating agreement.
• Delegate tasks to specific Managers and have them sign a managers agreement.
• If Applicable, file a trade name.
• If applicable, begin the process for obtaining patent and trademark protections.
• Issue Membership Certificates
• Find a small business CPA.
• Find a small business insurance agent.
• Ensure you have the necessary licenses and permits to operate your business.

This general check list is by no means complete, however it will help point you in the right direction, to get your started.

On a final note, I strongly encourage you to speak with an accountant, an insurance agent, and an attorney. They can be a great asset and resource for your business. It’ll cost you a little money and a little time now, but the savings in both time and money down the road will be worth it.

Contact me if you need help with your starting your business, or help with your start-up LLC.

This article is for educational purposes only, and does not constitute legal advice about your case or situation. There may be exceptions to the information outlined above. Please consult an attorney if you have specific questions about your business.