If you decide to start an LLC, you’ll need to apply for and obtain your LLC license. In most states, that means submitting an application with the state’s secretary of state, paying the requisite fee, and then waiting up to two weeks while they examine your application and issue you the license. While it’s possible to skip this step by registering your LLC with the secretary of state online or by telephone, only about half of all states allow it; if yours does not, you’ll have to visit the office in person.
Register Your Business Name
The first thing you need to do is register your business name. Some states require you to register your name before you submit the Articles of Organization. If this is not the case, it’s a good idea to register your name so that someone else doesn’t take it. You can either take the name of your business or choose a catchy word or phrase and add LLC at the end. For example, if I were starting my own advertising company called Ads’ n’ Stuff, I would call my LLC Ads’ n’ Stuff, LLC.
If you want to be formal and official, you can find an attorney who will draft Articles of Organization for you on their state’s form. For more information about starting and operating your own small business, visit the American Samoa LLC.
File Articles of Organization
American Samoa is one of the few places in the United States where you can form an LLC without filing any paperwork with the state. A few forms need to be filed, but they’re all federal filings and not state filings. If you want to form an LLC, all you have to do is file Articles of Organization with the IRS by following these steps:
- If your company has more than 75 shareholders, your Articles of Organization must include specific information about your company’s name and address.
- You may also use a registered agent who lives or operates in American Samoa. If this is your choice, the agent will help you prepare and file Form SS-4.
- In addition, most states require annual reports and other regular updates on corporate actions.
- You should check your state’s requirements before proceeding with forming an LLC.
Appoint a Registered Agent
Getting your LLC license is a pretty straightforward process. The first thing you will need to do is appoint a registered agent. This person must live in the same state you are forming your LLC in, and they will be responsible for receiving all legal correspondence on behalf of your company. They can also be the person who files annual reports with the state if you choose.
Create an Operating Agreement
America offers a Limited Liability Company (LLC) option if you are starting your own business. Understanding what this type of company entails is important before you start. This guide will help you determine the right choice for your needs and how to get started.
The first thing in forming your LLC is choosing a name for the company. The name should not be too similar to existing trademarks or companies in the area; therefore, make sure that you do some research on your own before finalizing it. When deciding who will manage and own the business, it is important to consult with attorneys and accountants to ensure everything is done according to state laws.
Comply With Other Requirements
Department of Commerce and Consumer Affairs has a few simple requirements for opening a new business. You’ll need to provide your business name, home address, and a $25 fee. You’ll also need parental consent if you’re under 18 years old. Your company will then be registered as an LLC in the American Islands’ database of businesses.
File Annual Reports
American Samoa is a non-incorporated territory, meaning Americans can form an LLC and be taxed as a domestic corporation. However, you still have to file the Annual Reports for your American Samoa. The Tax Section of the Attorney General’s Office in American Samoa handles all requests for filing Annual Reports.
To get started, file Form 662 with the following attachments:
- Fully completed information sheet (Form 1)
- Certified copies of Articles or Certificate of Formation or Articles of Organization (Form 3)
- Certificate from the Secretary of American Samoa stating that the company has not previously filed annual reports and acknowledging acceptance of responsibility for performance (Form 4)
- Domestic companies should also include an executed copy of IRS Form 8832 if elected out of American Samoa taxation.
Final Words
Typically, registering an LLC is not complicated and can be done by filling out the necessary forms and paying a fee. To do this, you need a list of the company’s officers (name, address, social security number). This resolution states the purpose for which the company was created. Articles of an organization that specify the business name and operating agreement (e.g., what percentage each owner will own). It’s best to work with an attorney or legal professional as it may be difficult for non-experts in this field.
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