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, â€œLLC” 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