Things That I Know

It’s been a while since my last update, but as I said, I filed for my LLC back in May. It’s now November, and after the last step, there really wasn’t a whole lot to talk about.

After I filed for my LLC, I waited a few weeks and received my paperwork in the mail. I used AmeriLawyer to file the paperwork since they had a low, one-price-fits-all structure. For the most part, they were what they said, but not included in your filing fees for them was an additional $200-something check I had to write to the state. While they say they cover all of the filing fees, they don’t cover the state filing fee. I was disappointed to learn this, but I sent the check anyway and my paperwork went through.

Once the LLC was formally set up, I could legally do business. I am only doing a small amount of business right now, so I don’t have a lot to say about the early stages of my entrepreneurship.

I was able to use my newly formed LLC to get myself a federal tax ID, which I was able to use to open a business checking account. This isn’t a vital step, since I’m really the only owner and don’t have many employees, but it’s important for bookkeeping and staying organized. No longer am I using my personal checking account to do business, which makes things easier and gives you peace of mind.

I suppose owning a corporation is kind of like getting married or having a birthday — you know that something important just happened, but there isn’t a whole lot that changed in your life. It is comforting to know I have a corporate name behind me for liability purposes.

I’ll update more in the future, assuming the business actually does some business.

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