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How to start an LLC FAQs Choose a name for your LLC. Obtain your EIN and check tax requirements. Prepare an LLC operating agreement. Open a bank account for your LLC. File the required paperwork. Create and launch a website for your LLC.
Table of Contents Understanding LLCs in Ontario. Choose a Unique Business Name. Decide on Your Business Structure. Create Your Articles of Incorporation. Obtain a Business Number. Register for Provincial Taxes. Develop Corporate Bylaws. File for Necessary Licenses and Permits.
Limited liability companies (LLC) are defined as a type of business structure where owners of the LLC are called ?members? and are partners in a business entity with all the protection of a corporation plus the ability to pass through any business profits and losses to their personal income tax return.
How to form an LLC Step 1: Choose a state in which to form your LLC. ... Step 2: Choose a name for your LLC. ... Step 3: Choose a registered agent. ... Step 4: Prepare an LLC operating agreement. ... Step 5: File your LLC with your state. Step 6: Obtain an EIN. ... Step 7: Open a business bank account.
Our experienced lawyers are here to help you achieve your business goals while ensuring legal compliance and protection. In conclusion, a Canadian Corporation serves as the equivalent of an LLC in Canada, offering limited liability protection and various advantages for businesses.