Incorporation

In principle there are only a few steps that are necessary for the formation of a LLC or a Corporation in the United States.

Relatively early in both the formation of a Limited Liability Company and a Corporation is the choice of a suitable name. The selection is subject to few conditions. For a Limited Liability Company, it must be the name of the company with, for example, “LLC” or L.L.C.”, “LC” or L.C.”, or “Limited Company”, “Limited Liability Company” or, simply, "Limited" or "Ltd." at the end. For a Corporation, an extension, such as “Incorporated" or "Inc.”, or “Corporation” or "Corp." is required. 

The company name can not include components such as “bank” or “trust” unless the founder also has received a proper permit for that industry. Of course, the name chosen in the respective state must not have already been assigned to another company. Along the path to establishing a business as a LLC and as a Corporation, further steps differ slightly. We will, therefore, look at the sequence for each of the two business entity forms. 

Read more about the procedures for creating a company:

• Procedures for incorporating a company as a Corporation
• Procedures for forming a company as a LLC