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Forming an LLC Checklist

by Practical Law Corporate & Securities

Maintained | Delaware, USA (National/Federal)

A Checklist that outlines key steps and issues to consider when forming a limited liability company (LLC). This Checklist addresses crucial pre-formation decisions, such as selecting the state of formation, choosing the LLC's federal tax treatment, and securing a suitable company name. It provides guidance on essential organizational matters, including preparing and filing the certificate of formation or articles of organization, and drafting the LLC agreement. This Checklist highlights key topics to address within the LLC agreement, such as company governance and the members' rights and obligations. It also covers post-formation actions, including obtaining an employer identification number (EIN), qualifying to do business in other jurisdictions, and addressing other key considerations related to intellectual property, insurance, and tax compliance.

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