One of the most common business structures in Alabama for individuals looking to launch a business is the limited liability company (LLC). Separate from the liabilities of the business, it offers the owners protection from personal liability. But how long does it take in Alabama to form an LLC?
Depending on how you choose to submit your application, the procedure for creating an LLC in Alabama might take up to 10 business days or longer. Both online and mail-in applications are accepted by the Alabama Secretary of State, although filing by mail will require more processing time, so expect a lengthier wait period.
You must submit Articles of Organization to the Alabama Secretary of State in order to establish an LLC there. The name of the LLC, the name and address of the registered agent, the principal address of the LLC, and the names and addresses of the LLC’s members must all be listed in the Articles of Organization. Additionally, there is a $200 filing fee that you must pay.
The $200 filing fee and any additional costs you might incur if you decide to work with an attorney or registered agent to assist you in the process are all included in the price of incorporating an LLC in Alabama. Depending on the level of assistance required, registered agents typically charge between $100 and $300 annually.
In Alabama, you can create an LLC without having a business. For personal asset protection or to hold assets like real estate, intellectual property, or investments, some persons decide to create an LLC. However, keep in mind that not everyone will need or benefit from creating an LLC without a business, and it’s always better to speak with a lawyer or a tax expert before making any decisions. In Alabama, do I require a business license?
Depending on the kind of business you run and where it’s located, you may or may not require a business license in Alabama. While others don’t, some firms need specific licenses and permits from the state or municipal government. It is always advisable to check with your local government to see if there are any additional requirements. The Alabama Department of Revenue maintains a list of business kinds that require a license or a permit. Is a Registered Agent Required in Alabama?
Yes, all LLCs in Alabama are required to have a registered agent on file who is qualified to accept legal paperwork on the company’s behalf. To receive legal notices and other necessary papers, the registered agent must have a physical address in Alabama and be accessible during regular business hours. To fulfill this requirement, you have the option of serving as your own registered agent or working with a reputable registered agent firm.
In conclusion, depending on how you choose to submit your application, incorporating an LLC in Alabama might take up to 10 business days or longer. The $200 filing fee and any additional costs you might incur if you decide to work with an attorney or registered agent to assist you in the process are all included in the price of incorporating an LLC in Alabama. Depending on the kind of business you run and where it’s located, Alabama may or may not require you to obtain a business license. Additionally, Alabama mandates that all LLCs have a registered agent who is qualified to accept legal documents on the company’s behalf.
You can fill out Form SS-4 and mail, fax, or apply online through the IRS website to obtain an EIN (Employer Identification Number) in Alabama. A third-party designee, such as an accountant or lawyer, may also submit your application on your behalf. After your application has been approved, you should receive your EIN in around two weeks.