Guides

Forming an LLC means choosing a state, filing Articles of Organization (typically $50-$200), appointing a registered agent, drafting an operating agreement, and getting an EIN. Most states process filings within days.

A DBA (doing business as) registers a trade name with your state or county, usually for $10-$100. It doesn't create a legal entity or protect the name — it just lets you legally operate and bank under that name.

A sole proprietorship requires no formation filing — you become one by doing business. You may still need a DBA registration, local business license, and an EIN if you hire or want to avoid using your SSN.

You elect S-corp status by filing IRS Form 2553 within 2 months and 15 days of the start of the tax year. It generally pays off once net profit consistently exceeds $80,000, by letting you take part of income as distributions free of self-employment tax.

A registered agent is the person or company designated to receive legal documents and state notices for your business. Every LLC and corporation must have one in its state of formation; you can serve as your own if you have an in-state address and are available during business hours.