An Ultimate Guide To Incorporate LLC in Pennsylvania
It is simple, easy and affordable to register an LLC in Pennsylvania. It guards the member(s) personal assets and the publications are not required as corporations. It is very flexible to manage, it can be used as a corporation, S Corporation or Partnership for tax purposes.
How to prepare and file a Certification of Formation in Pennsylvania?
- Search a name you want to use to register an LLC or reserve it with the PA Department of State before filing a Certificate of Formation.
- The name of the Limited Liability Company with a designator LLC, L.L.C or Limited Liability Company.
- The street address of the Limited Liability Company and the PO Box is not acceptable. You can use the services of the third party registered agent too, and an initial registered agent can either be a person or a commercial entity is registered with the state. The initial registered agent is used to receive mail from the department.
- Name and the complete street address of the organizer.
- Specified date to start or dissolve the LLC if any.
- You can add additional provisions to the LLC which is going to be managed by the member(s) or manager(s).
Obtaining Employer Identification Number
EIN is used to open a bank account and file taxes.
Can a Non US Resident Create an LLC in PA?
Yes, A Non US resident can file an LLC in the state of PA without a social security number.
LLC Annual Report
The annual report is not applicable in the state of PA. You can file an amendment to make any change in the existing structure.
State Filing Fee
The filing fee is non refundable in the state of Pennsylvania.
- Tax Filing
- Single member LLC files Form 1040 as a Sole Proprietorship.
- Multimember LLC files Form 1065 and choose Partnership or a Corporation.
- LLC can be treated as an S Corp by filing an election with the Internal Revenue Service.
- You can also use an LLC as a regular corporation for the tax purposes only.
- LLC, member(s) cannot withdraw salary unless they file an election with the Internal Revenue Service to treat the LLC as a Corporation or an S Corporation.
Apply Pennsylvania Sales and Use Tax
Business must collect sales tax, if it is involved in selling any tangible taxable items or providing taxable services. Pennsylvania Department of Revenue issues sales tax permit.
Timeline to Register LLC in PA
State of Pennsylvania filing time is 5-7 working days and an electronic image can be printed in the approved articles of formation.
Operating Agreement
It is not required to establish an LLC in the state of PA, but it is recommended, because the operating agreement defines the complete operation of the organization and limitation of the member(s). Operating agreement is a contract between LLC and the member(s). It guards members' responsibilities. It is prepared by the LLC management.
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