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How to Set Up a LLC in Pennsylvania?
 
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Category : > Library To Create An LLC In USA
Posted On : Tue Aug 23rd,2016

 
How to Set Up a LLC in Pennsylvania?
 

 

The limited liability company (LLC) is a hybrid between a partnership and a corporation, providing the liability protection of a corporation, with the advantage of being treated as a partnership. A Certificate of Organization is required to be filed with the Corporation Bureau, Department of State Pennsylvania.

 

 

 Requirement to Set Up LLC in Pennsylvania?

 

  • A limited liability company is a business formed by an organizer who may, but need not be a member. It is a business entity separate from its members and liability is limited to the financial contribution.
  • Limited liability companies are formed for the purpose of generating profit, while limiting taxes and liability. Limited liability companies have all the powers granted to a corporation.
  • Limited Liability Companies are registered with the Secretary of State Pennsylvania.
  • File Pennsylvania LLC Name Search before filing to ensure the name is available to avoid any delay in filing process due to the rejection by the state.
  • You can also Reserve Pennsylvania LLC Name if you are not ready to incorporate it now.
  • The Certificate of organization of Domestic LImited Liability Company must be filed with the state to register the Limited Liability Company in Pennsylvania.
  • The name must contain limited liability company, limited company or the abbreviation L.L.C., LLC, L.C. or LC. Limited may be abbreviated as Ltd. and company may be abbreviated as Co.
  • The duration of the company if other than perpetual must be mentioned,
  • The address of the initial designated office in or out of the State of Pennsylvania where the company conducts its business.
  • Any other provisions not inconsistent with law, which the members elect to set out in the articles of organization must be disclosed.
  • Provide members' information, including name and address.
  • Provide social security number of at least one member to apply for the employer identification number (Not applicable for a non US resident).
  • Principal Office-REQUIRED: Include street number, street, city, state and zip code. (PO Box is not acceptable).
  • Nature of business-Required: It is sufficient to state the purpose of the limited liability company is to engage in any lawful act or activity for which a limited liability company may be formed under the Pennsylvania limited liability company act.
  • Pennsylvania  LLC can be incorporated with one member only.
  • Pennsylvania LLC can be Registered as a member managed or manager managed (See the difference below).
  •  
  • The Pennsylvania Articles of amendment must be filed if there is any change in the business name or members of the LLC.
  • Annual report must be filed to keep the PA LLC in good standing.
  • Processing Time-You can check the state current estimated time to process your LLC application either online at InfoTaxSquare.com website or contact us.
  •  We have customized online form to file 24/7. 

 

  LLC’s may have as many managers/members as they wish:

 

Member Managed LLC:


An LLC that is managed solely by its members(s) (i.e. its owner(s)). An LLC member is an owner of an LLC; in other words, an LLC member is the equivalent of a corporate shareholder.    

 

Manager-Managed LLC:

 

 

An LLC that is managed by at least one manager. An LLC manager is a person appointed by the LLC member(s) to manage the day-to-day operations of the LLC; an LLC Manager is the equivalent of a corporate director. LLC members may be appointed as an/the LLC manager.

 

 

Note: The LLC must be incorporated in the state of Pennsylvania to conduct business.


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