In California, your LLC name is required to have the suffix "Limited Liability Company" or "Limited Company," or a suffix such as "LLC," "LC," "L.L.C.," or "L.C."
Before we file your LLC, we will search for your LLC name availability.
You may want to file for a name that you like to be reserved but that may cost more and in most cases you will not have to.
That is exactly how an LLC is created at the state level. You will need to register your Articles of Organization. In California, the articles of organization which are normally a couple of pages long, require that a registered agent is assigned.
A registered agent, in California, may be yourself if you are an one member LLC. The function of the agent is to receive service of process for any suit that might be filed vs your LLC.
The operating agreement is required in every state because you need it to open a bank account and also need to notarize it and keep it to prove that you are the owner of the LLC. As discussed, the articles of organization, i.e., the LLC certificate does not have the
EIN: All California LLCs must have an EIN. You may have heard that if you are the sole member and you treat your LLC as a disregarded entity, you may not need it. However, you cannot open an LLC business bank account without an EIN, so you do need it. In addition, If your LLC has more than one member, you must obtain the Federal Tax ID also called an Employer Identification Number (EIN). Of course, you also need an EIN if your LLC will be an employer, treated as a corporation or if it has more than one member.
Business License: A business license is a business tax registration separate from other tax or licesning registrations. An LLC needs a business license.
State Tax Registration: In some states, the department of revenue may want you to register and obtain a tax number as a general number to identify you for taxes. Otherwise, there are 2 State Tax IDs: an State Employer Tax ID SEIN and a Sales Tax ID also called
a seller's permit.
State Income Taxes: Most states, as well as the State of California, require you to file a income tax return for your LLC. You do that as you file the federal tax return. Each member must pay his share of taxes if the LLC is treated as a partnership even in the case that an owner resides in another state.
In all states, if you are an LLC from another state, you will either have to register a new LLC in California or register as a foreign LLC. In both cases the fees are about the same and the same effect is effected.
From sole propr., LLC, partneship or Corp.: Each requires an entity certificate filing.
All businesses/entities need a business license and an EIN.
Selling/Buying wholesale or retail requires a seller's permit.
"Pure mathematics is, in its way, the poetry of logical ideas." - Albert Einstein
Hey Pythagoras! Operating a math education center allows you to share the beauty of numbers. Here are some key licenses you may need:
While a sole proprietorship is an option, an LLC better protects your assets. You may need an EIN from the IRS if hiring employees.
Look into voluntary certifications that add credibility. Ensure your curriculum and educators meet educational standards in your state.
Depending on the specific services you offer, you may need to obtain additional licenses and permits. For example, if you're planning on offering tutoring services, you may need to obtain a tutor's license. If you're planning on offering summer camps or other programs for children, you may need to obtain a child care license.
Here is a list of some special permits, licenses, and certifications that you may need for a math education center business:
"The mathematics is not there till we put it there." - Sir Arthur Eddington