This is a complete guide to forming an LLC for free. Learn how to form an LLC for free in this guide.

You have a lot of options when it comes to how you structure your business. One great option is the limited liability company (LLC).

An LLC is a hybrid of a corporation and a partnership. It has some benefits for corporations, like limited liability and tax treatment, but it’s also easier and less expensive to form than a corporation. 

If you are a new entrepreneur and you don’t have that much more or you don’t want to hire an LLC Formation Service, I have good If you are a new business owner and do not have that much money to invest in incorporation or it makes no sense of hiring an attorney, I have good news for you. You too can form an LLC by yourself.

The formation is easy with the right guides and market resources. But don’t let that fool you into believing that having a limited liability company will cost you nothing. There are filing fees and paying the registered agent charges but if you want to save some money, then do it yourself and save hundreds of dollars.

You may be wondering why we are sharing this information when we are such a formation company? 

The answer is very simple, the main purpose of our blog is to guide you and make your business successful.

Steps to Form an LLC for Free

In this in-depth guide, I will tell you how to form an LLC yourself. For forming an LLC yourself, you have to follow five steps:

form an LLC for free

Name your LLC

The next step to form an LLC yourself is to select the name of your LLC. Choosing the name for anything is a tough step. This guide will help you in deciding the name of your LLC. 

There are a few guidelines to follow when you are about to name your company:

  • The company name must include the term-limited liability company or the abbreviations LLC / L.L.C.
  • Specific terminologies like FBI, State Department, etc. they can mistake your LLC for the government agency. The use of such terms is forbidden.
  • The use of restricted words like University, Lawyer, and Banks requires additional documents and an authorized person.

Select a State

Selecting State is one of the essential steps to form an LLC in the United States. If you are a resident of the United States then the best state for you to form an LLC is in the state where you live but if you are a Non-resident and if you do not live in the United States, The guide below will help you to select the best state to form your LLC.

Must ReadWhich is the Best State to Form an LLC?

Hire a Registered Agent

All LLCs are required to have a Registered Agent — A person or a company who receives all official mail and processing services on behalf of your business. To keep your LLC in good standing, you must maintain a registered agent, which we do for $ 99 per year. 

Registered Agent is required by law and must maintain a physical address and maintain regular opening hours. 

Micahguru Formation is best for this job. For Registered Agent service, which costs $99 per year, which is comprehensively cheap and more valuable than others.

File a Certificate of Formation

In the next step, you have to file a Certificate of Formation which is known as Articles of Organization. 

Articles of organization are a type of document that establishes your LLC legally. To create articles of organization, you typically need to file them with the state’s corporate filing office (also known as a “secretary of state” or “corporation division”). 

Most states charge $100 to $300 for filing articles of organization. The fees vary greatly from state to state; however, they are typically lower in more business-friendly states. For example, Delaware charges only $90 while Wyoming charges $100.

What to Do After You’ve Formed Your LLC

Now that your LLC is a legal entity, there are a few more steps to take care of. 

Prepared an Operating Agreement

An Operating Agreement is a document which is sets out the rights and responsibilities of the members and managers of an LLC. If you do not have an Operating Agreement, state LLC law will govern the operation of your LLC.

An Operating Agreement is not required in every state. Just a few states required an Operating Agreement like California, Delaware, Maine, Missouri, and New York, but it’s highly recommended to have one. 

RelatedWhat is an Operating Agreement?

Apply for Employee Identification Number (EIN)

If you’re starting a new business, the first thing you need is an Employer Identification Number (EIN). This is a unique nine-digit number that’s used to identify your business. You’ll need it when you do things like file taxes or hire employees.

To get an EIN for your business, you can either apply for one yourself or have us do it for you. We’ll apply and wait for a response from the IRS on your behalf.

You can apply online by filling out Form SS-4 and submitting it electronically through the IRS website. You’ll need to provide information about your company, including its name, address, and type of entity—whether it’s a corporation, partnership, sole proprietor, or something else.