LLC formation is just the first step to creating a legal entity business. The formation process itself involves doing what is necessary to create a limited liability company at the state level. Once it is created, in order to conduct a business, you will likely need a business license.
The rules and requirements for business licenses are governed at your locality level which is the county or city where you will be conducting business. Most localities require that a business license be obtained before any for profit business activity is conducted so check with your area as soon as your LLC formation has been completed.
A business license is typically obtained by completing and filing an application containing the necessary information about you, your limited liability company and your business activity. There is usually a minimal fee and in some counties, you may be assessed a tax on the value of your business property each year. This ta is usually minimal and in some cases there are certain value thresholds that must be met. Your locality should have a detailed web page on their website about business licenses as it is a very popular topic. If you are going to operate using a name other than your LLC name, your locality may require additional name use filings.
For more information on forming an LLC, check out other posts under this category.
