How To Get A Pa Business License – Forming an LLC in the PA is an administrative procedure that includes selecting a business name, providing a registered office address, and filling out the Pennsylvania Department of State’s articles of organization, along with the applicable state filing fees.
Then, you’ll also need to apply for an Employer Identification Number (EIN) with the IRS, create a business bank account, and consider getting any necessary licenses, local or industry registrations, and insurance. You may also want to set up an operating agreement, but this step is optional if you register a single-member LLC.
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First of all, it seems like it takes a lot. But in reality, you will excel in all of these steps and start an LLC in Pennsylvania in no time!
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When considering a business name for an LLC, be sure to distinguish it from other businesses registered with the Pennsylvania Department of State (DOS). The easiest way to do this is to run your list of ideas by searching for a name on the PA DOS website.
Remember that you must add one of the following designers to the end of your LLC’s name:
If you do not plan to immediately register an LLC, it makes sense to reserve the specific name. To do this, submit a name registration form to DOS and secure your name for 120 days. The registration fee is $70.
In Pennsylvania, you must designate a business address as the LLC’s registered address. This physical address must be a street address located in Pennsylvania where a representative of your company (or yourself) can be reached at any time.
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All operations of service documents and other correspondence from the authorities will reach this address. Options for business owners include the main office of operations, a home address, or a registered commercial office provider.
Most states require a registered agent listed with name and physical address. It is where the service of legal formalities or documents and other business mail are sent.
However, Pennsylvania requires only new businesses to list the physical address of the registered office. It serves the same purpose as a registered agent. The difference is that the person’s name is not required.
If you choose to have the registered office be the location of your main office or home office, you may not need to hire anyone. Some business owners hire a third party known as a Registered Commercial Office Provider (CROP). In other countries, this is often known as a registered commercial agent. Note that you cannot use P.O. can.
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The use of a registered proxy service provides privacy. Since the registered office is publicly listed, using a third party helps you keep your name and home address private. The registered professional agent service is also useful for business owners who may not be available at the registered office location during business hours or travel frequently for business.
Renting a crop has an additional cost of $50 to $300 per year. You can find a range of service providers online. But be sure to check out the reviews. After all, you don’t want to entrust almost anyone with sensitive legal documents.
Forming a Pennsylvania LLC requires filing two documents and obtaining approval from the Department of State. This is the Certificate of Regulation and Docketing Statement.
The Certificate of Organization form and accompanying Docketing Statement can be submitted online or mailed to the Pennsylvania Department of State. Postal address is:
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The Certificate of Regulation and Docketing Statement will be processed in about 7-10 business days. The date when the FCO was received.
An Employer Identification Number (EIN) is required for a multi-member LLC, a single-member LLC with no employees, or an LLC that chooses to be treated as a corporation for tax purposes. To obtain an Employer Identification Number (EIN) for an LLC, file an application with the Internal Revenue Service (IRS).
Most business entities will need an Employer Identification Number (EIN) to identify the business with federal income tax, state tax returns, employee tax forms, and open a business bank account.
The LLC must file an application through the IRS using Form SS-4 for an Employer Identification Number (EIN).
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The IRS offers this as a free service. The application can be submitted online, mail, fax or telephone. Telephone option for international applicants.
Online Employer Identification Number (EIN) applications are processed instantly. Requests with a fax number usually receive a response within approximately four business days. It takes about four weeks for mail orders to be processed.
If you operate as a sole proprietorship, you can still use your Social Security number on tax forms. However, if you later change to a multi-member LLC or hire employees, you will need an Employer Identification Number (EIN).
An operating agreement is an internal working document. It defines the roles of the members, capital contributions, salaries, percentage of ownership and profit and loss sharing agreement. Additionally, LLC operating agreements may include provisions regarding liability, business taxes, and other general business operations.
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Pennsylvania law does not require a Pennsylvania LLC to have an operating agreement. However, it is recommended that you have one. The operating agreement provides liability protection for the LLC and its members. It also defines the roles and obligations of the owners of the LLC. It is crucial when personal assets are invested in the business entity.
One or more members of a Pennsylvania LLC can prepare an LLC operating agreement. Since it is an internal document, there is no filing fee cost. However, many new businesses may enlist legal assistance to draft an LLC operating agreement. Legal service fees vary.
A Pennsylvania business bank account helps keep personal money separate from business money, which is required by PA law. The fees and schedule for obtaining a commercial bank account depend on the bank used.
Some banks will provide quick turnaround time, especially if a member has strong credit or the LLC has raised a lot of capital. But some business owners may need to shop.
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The cost of maintaining a bank account is minimal. On average, it might run you around $14 a month. If loans or checks are required, the fee will be more.
The type of insurance your LLC may need depends on the nature of your business. Some common types of commercial insurance include:
Again, do the shopping and compare the terms, costs, and coverage between the different providers. Also, some business bank accounts come with discounted insurance plans.
A Pennsylvania LLC must register with state taxes. This is done by submitting a PA 100 form to the Pennsylvania Department of Revenue. This is in addition to obtaining an EIN from the IRS and other required tax reports.
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The owners (or members) report their business income or losses they receive from the LLC on their annual personal tax return under Schedule C. However, there may be additional local and state tax requirements depending on the type of business.
Also, LLC owners do not have to file an annual LLC report to the state unless any business details or structural changes are made. Respectively, there is no annual LLC fee in Pennsylvania for LLCs.
Note: However, the state requires limited liability partnerships (LLPs) and limited liability partnerships (LLLPs) to submit an annual certificate of registration for their company and pay applicable state fees. The current cost is $520 per member.
For PA LLCs, the requirements for registration, permits, licenses, and zoning are based on the primary local area in which the company operates.
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The Pennsylvania Business One-Stop Shop encourages businesses to use a dedicated tool to contact the local municipality for specific details about permits, licenses, and other requirements for where the business entity will operate.
Costs and timelines will vary based on the nature of the business, where the primary business operations are, and more. It may also have an additional state fee.
Additionally, some businesses will need special registrations and licenses from the Pennsylvania government. These include home improvement contractors, for example.
Registering and operating a limited liability company in a coal state has its advantages and minor drawbacks. But overall, the PA suggests a good business and tax climate for small business owners and companies that are eligible for growth.
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The base cost to start an LLC in Pennsylvania is $125. This is the official state fee that you have to pay. Furthermore, they may (or may not incur) additional costs such as name reservation fees, permit and business license costs, or registered agent fees. It may also include other expenses for renting a business location, legal assistance, tax preparation, and business supplies.
After submitting all required paperwork, the Palestinian Authority Ministry of Foreign Affairs will process each LLC application within 7-10 working days. Online LLC filings may be processed faster than mailed files because they will arrive quickly in front of the employee.
An LLC is a low-cost type of business entity to form and operate an PA since you only pay $125 in state application fees and therefore do not incur additional annual costs or annual business lien taxes. There are also no government publication fees to settle. Also, an LLC in the Palestinian Authority protects your personal assets in the event that any legal action is brought against your company.
The Pennsylvania Department of State provides an easy-to-use search tool for business entities registered in the state.
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