How do I start an LLC in WV?

How much does it cost to register an LLC in West Virginia?

The filing fee is $150 . The completed application must be accompanied by a certificate of existence or good standing from the foreign LLC’s home state. Before filing, make sure the LLC’s name is available in West Virginia by checking the state’s business name database.

How do I form an LLC in West Virginia?

Starting an LLC in West Virginia is Easy

  1. STEP 1: Name your West Virginia LLC. …
  2. STEP 2: Choose a Registered Agent in West Virginia. …
  3. STEP 3: File Your West Virginia LLC Articles of Organization. …
  4. STEP 4: Create Your West Virginia LLC Operating Agreement. …
  5. STEP 5: Get a West Virginia LLC EIN.

Can I set up an LLC on my own?

If money’s tight, or you don’t want to use a company formation service, we’ve got good news for you — you can form an LLC yourself. Although you’ll still need to pay your state filing fees (they’re unavoidable!), you can save on the costs of having your LLC filed through a professional incorporation business.

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How much does a business license cost in West Virginia?

How much does a West Virginia business license cost? A West Virginia business registration certificate costs $30. The cost of other licenses and permits varies.

Which is better LLC or LLP?

Choosing the Best Option for You: LLP or LLC

Take time to weigh the pros and cons of each business structure. … Overall, if your main concern is limiting liability or tax flexibility, an LLC is probably your best option. However, take a look at your state tax laws; some states may impose a higher tax on LLCs than LLPs.

What’s better sole proprietorship or LLC?

The main difference between a sole proprietorship and an LLC is that an LLC will protect your personal assets if your business is sued or suffers a loss. Most serious business owners choose to form an LLC vs. a sole proprietorship because an LLC legally separates the owner’s personal assets from the business.

Does a sole proprietor need a business license in WV?

Obtain Business Licenses and Permits

There isn’t a requirement in West Virginia for sole proprietors to acquire a general business license, but depending on the nature of your business you may need other licenses and/or permits to operate in a compliant fashion.

Is an S Corp better than an LLC?

If there will be multiple people involved in running the company, an S corp would be better than an LLC since there would be oversight via the board of directors. Also, members can be employees, and an S corp allows the members to receive cash dividends from company profits, which can be a great employee perk.

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How do I start a small LLC?

Steps to Form an LLC

  1. Choose a name for your LLC.
  2. File Articles of Organization.
  3. Choose a registered agent.
  4. Decide on member vs. manager management.
  5. Create an LLC operating agreement.
  6. Comply with other tax and regulatory requirements.
  7. File annual reports.
  8. Out of state LLC registration.

What are the requirements for a LLC?

However, certain elements of structure are requirements for an LLC.

  • Business Name. Your LLC must have a name that is unique and is not the same or confusingly similar to another business. …
  • Registered Agent. …
  • Operating Agreement. …
  • Articles of Organization. …
  • Business Licenses and Permits. …
  • Statement of Information Form. …
  • Tax Forms.
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