What Should I Do After Setting Up an LLC?

So you just formed your Limited Liability Company (LLC)…now what? You're close, but there's more you need to know. Before you go live with your products or services, let’s make sure you’re truly set up for success. Here’s a quick list of things to do once you form your LLC to make sure you establish a solid foundation for your business:

• Get an EIN – Apply for an Employer Identification Number (EIN) from the IRS.

• Open a Business Bank Account – Keep your business and personal finances separate.

• Create an Operating Agreement – Outline how your LLC will be run (even if it's not required in your state).

• Register for State & Local Taxes – Make sure your business is set up for sales tax, payroll tax, etc., if needed.

• Apply for Licenses & Permits – Check your industry and location for any necessary licenses.

• Maintain Compliance – File annual reports, pay fees, and keep records up to date.

• Consider Business Insurance – Protect your LLC with general liability insurance or other coverage.

• Set Up Contracts & Agreements – Use clear contracts to protect your business relationships.

REMINDER: An LLC is to establish an entity within your state of formation. An LLC is one of the most popular business types in the U.S. for small to medium-sized businesses, freelancers, and even startups. It is designed to legally protect business owners and provide a flexible, tax-efficient structure for running a business. An LLC does not protect your brand. Only a registered trademark gives you exclusive rights to own your brand within your industry. We’re here to help you choose the right entity structure and protect your brand. Let’s chat!