Select a Name for Your LLC in Step 1 Choosing a name for your business is the first step in founding an LLC in West Virginia. Your business name must be original and not in use by another company in the state. By conducting a search on the West Virginia Secretary of State website, you can determine whether the name you want to use is available.
Step 2: Submit Articles of Incorporation The next step is to submit Articles of Organization to the West Virginia Secretary of State after deciding on a name for your LLC. Your company’s name, the name and address of the registered agent, and the names of the LLC’s members are all listed in this document, which formalizes the existence of your LLC.
Obtain an EIN in Step 3 The Internal Revenue Service (IRS) issues firms with an EIN (Employer Identification Number), a special nine-digit number used for tax purposes. Applying online with the IRS will allow you to get an EIN for your LLC.
Create an operating agreement in step four. A legal document known as an operating agreement spells out your LLC’s ownership structure and operational procedures. Although it is not needed by law, you should draft an operating agreement to avoid misunderstandings and legal issues among members.
The amount of work one can perform in West Virginia without a contractor license varies depending on the type of work being performed. For instance, in West Virginia, a contractor’s license is required if the work exceeds $2,500. However, a contractor license is not necessary if the project will cost less than $2,500.
You must first choose the type of business structure you wish to use in order to work independently in West Virginia. You have the option of operating as an LLC, corporation, or sole owner. You can register your business with the WV Secretary of State and receive any necessary licenses and permits once you have decided on your business structure.
The answer to the question of whether a sole proprietor in West Virginia needs a business license is that it depends on the kind of business being run. To conduct business in West Virginia, certain establishments including restaurants and retail stores need a business license. However, a business license is not necessary if the enterprise is a sole proprietorship and does not call for a license.
The Secretary of State must receive your application for a Certificate of Amendment before you can change your company name in West Virginia. The application must specify the new name you intend to employ for your company as well as the rationale behind it. Additionally, there is a filing cost for the application.
To sum up, starting an LLC in West Virginia is a straightforward procedure that calls for submitting articles of organization, securing an EIN, and drafting an operating agreement. The sort of work being done determines how much can be done without a contractor license in West Virginia, and being an independent contractor necessitates registering your business and receiving all required licenses and permits. In West Virginia, sole proprietors might not require a business license, and if you want to change your company’s name, you must apply for a Certificate of Amendment with the Secretary of State.
You must submit Articles of Dissolution to the West Virginia Secretary of State’s office in order to revoke your business license in the state. You can do this via mail or online. You might also need to revoke any further licenses or permits that your company has with regional or municipal authorities. To make sure that all appropriate measures are done for cancellation, it is advised that you speak with an attorney or accountant.