For entrepreneurs and small business owners, Alabama is renowned for offering a great business climate. A Limited Liability Company (LLC) can be established in Alabama with ease. A legal company entity known as an LLC is a cross between a corporation and a partnership. The proprietors of this kind of entity are protected from personal liability, receive tax advantages, and have complete control over how they run their company. You may be wondering how long it takes to establish an LLC in Alabama if you intend to launch a business there.
In Alabama, establishing an LLC is a simple process. Articles of Organization can be submitted electronically to the Alabama Secretary of State. The LLC creation filing fee is $150. The time it takes to process the articles of organization filing is typically 3 to 5 business days. You can pay an extra $100 for 24-hour processing if you need faster service.
You must request an Employer Identification Number (EIN) from the Internal Revenue Service (IRS) after submitting the Articles of Organization. An EIN is a special identification number for your company used for tax purposes. EIN applications can be submitted online, by mail, fax, or phone. Typically, it takes 1 to 2 business days for an EIN to be processed.
You might want to create a DBA (Doing Business As) for your LLC once it has been formed and you have obtained your EIN. A DBA is a name you employ for your company that’s not the same as your official name. You must submit a Certificate of Formation to the Alabama Secretary of State in order to establish a DBA. A DBA must be filed for $50. A DBA application typically takes 3 to 5 business days to be processed.
The Alabama Secretary of State’s office is where you can go if you already have an LLC there and need a copy of your certificate. A copy may be requested in person, by mail, or online. A copy of your certificate can be ordered for $25. A copy of your certificate can normally be obtained within 3 to 5 business days of placing your order.
In conclusion, establishing an LLC in Alabama is a simple procedure that can be finished in a couple of days. Articles of Organization filings are processed within 3 to 5 business days. An EIN can be obtained in one to two business days. A DBA setup takes three to five working days. It also takes 3 to 5 business days if you need a copy of your certificate. For aspiring entrepreneurs and small business owners, Alabama offers a fantastic business climate.
You must register your company name with the Alabama Secretary of State in order to protect it in Alabama. To make sure the name you want is available, you can accomplish this by running a name availability search. Once you’ve made sure the name is available, you may register your LLC and safeguard your company name by submitting the required papers, including the Articles of Organization, to the Secretary of State’s office. In order to further safeguard your brand, it is advised that you trademark both your company name and logo.