The Limited Liability Company (LLC) is a type of business entity that has many benefits to its registered owner. This type of business entity is known as a "pass-through" business in the state of Alabama. In order to start an LLC, one filing must file the appropriate form with the state. After filing, the new LLC will be registered in the state. One will then need to file an annual report with the Alabama secretary of state -the Annual Report on Tax Profits and Taxes.
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Filing your annual report can be done online or by mail. To file online, you will have to login to the website of the Alabama department of revenue. Here, you will have to select the form to fill out, give your personal information, and submit it. You will be asked to verify company name availability, pay the necessary state fee, and then wait for the report to be mailed to your address.
After receiving your report, if you think the information contained is accurate, you will have to file your statement of incorporation with the Alabama secretary of state. A statement of incorporation is used to describe the nature and purpose of your LLC. It is the beginning of the process of registering your LLC, and it serves as your notice that your LLC has been registered. Once your statement of incorporation has been filed with the state, all the other formalities for starting a business can be processed.
Forming an LLC in Alabama
Another task involved in incorporating your LLC is the activation of the Limited Liability Company (LLC). For this, you will be required to fill out an Application for Operating Agreement. An Operating Agreement is a document that binds the members of the LLC in order to govern its business operations during the limited period of its existence. Operating Agreement also acts as a guarantee that the LLC will be able to carry out its business operations as agreed upon in the Operating Agreement. A successful completion of these procedures earns you the privilege of being registered as an active member on the Board of Directors of the LLC.
Forming a LLC involves a lot of formalities, which are easily overlooked by novice entrepreneurs. If you decide to incorporate your LLC, the first and foremost procedure that you need to undergo is to select the name of your LLC. There are several domain names available for the purpose, but you should choose one that suits your business model and reflects your brand image. You can check the official website of the state of Alabama or look for popular domain names online, and then try to register them.
After choosing the name of your new limited liability company, you have to file the Articles of Organization with the Secretary of State. Among the different types of filings that an LLC must make with the office, the most common one is the form filing EIN (enses in IRS). For filing EIN, all documents that are to be filed have to be filed with the appropriate tax identification number, and the company's physical address has to be noted along with its street name. When you file the certificate of formation, you have to submit a proof of funds statement that states how much money was invested in the LLC, and how much income the LLC earned last year.
The next step is to submit the Articles of Organization to the office of the Secretary of State. You have to submit one copy of each document separately, except for the statement of reasons, which is required to be submitted on only one page. You also have to submit three copies of the statement of accounts. The filing of the Articles of Organization is not a legal action and is not reviewable by the courts, so you don't need a lawyer to help you fill the forms. However, it is important for the LLC to be filed with the right Illinois entity tax identification number (ITIN), which is issued by the Internal Revenue Service.
The most common forms required for opening an LLC in Alabama are the Articles of Organization, the Statement of Qualifying Indenture, and the Registration of Business Licenses. All these papers have to be filed with the secretary of state in the same manner as other filings. Keep in mind that although business licenses cannot be filed electronically, they can still be forwarded through mail. For filing business licenses, you can go directly to the office of the Secretary of State in Montgomery or St. Louis, where the licenses will be processed. Otherwise, you have the option of going to the office of the Cook County recorder in your county, where the business licenses should be filed. If necessary, you may also ask the Cook County courthouse to render legal assistance to complete the process.
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