how long until my llc is approved [Definitive Guide]


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Last updated : Aug 9, 2022
Written by : Zonia Abina
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how long until my llc is approved


Comment by Winter Majeed

how long does it take to form an llc well that entirely depends on what state you're filing in but first i'm not your attorney i'm not your cpa i am just providing generally obtain easily obtainable information on the internet you can google it anywhere i'm just trying to curate this one place where we can find all of this information without having to go to 1500 different websites which is essentially what i had to do so i'm doing this for you now what state are you forming in there is a video that talks about which state is best to form in long story short where's the work being done is it being done in texas you're probably gonna need a texas llc or corporation is it being done in new york maybe a new york one um you know a lot of people talk about delaware and wyoming nevada that's a whole different bag of worms can of worms bag of something anyway um we have a video regarding that but um check that out we also have a playlist on uh you know all this information kind of condensed in a really highly produced short video so also check that out there but um every because because llc's are not formed with the federal government it's not with the irs or the united states government it's formed on a state level so you have to form an llc in texas or in california or in tennessee or in wyoming and so you know once you've decided which state you're going to form in there really is a bunch of different answers to how long it's going to take uh generally the answer is one to five days there are a couple of states out there that are troublemakers it might take 12 to 22 business days but those are like two states i think it's arizona and alabama they're the two longest states by a wide margin texas for example is two days new york is instant you can get your new york llc from better legal actually in 11 minutes um we say an hour it should be about 11 minutes and it's during business hours so you know new york just has a different system than texas and texas has a different system than delaware in delaware you don't go online and fill out a form you fax the information in yes you still fax the information into delaware because they're so popular they just don't feel the need to update any of their systems um so delaware takes a handful of days and you got to wait for it to come in the mail whereas new york and texas sends it to you via email wyoming is another state that's instant there are 13 states that are instant but if you go to betterlegal.com you can actually go to our services page so betterlegal.com for slash services and plug in the state that you're looking for and that will give you the timetable on how long your state's gonna take but the general answer is that it's usually between one and three business days sometimes five business days the other caveat to that and this is not a better legal thing this is with everybody the caveat is that some states uh you know the state examiners are the ones that file this information and oftentimes in in florida and pennsylvania specifically they just fall behind so florida for example has state compliance that uh all piles onto one date and so they don't hire new people you know and i'm just this is conjecture i'm just assuming this is what happens so um if you work for the state of florida don't you know don't throw me under the bus um but you know they might not hire extra people because they don't have the budget their state government uh entity and so they might not have the budget to hire new people to handle all of the influx of uh state compliances that they have to get done while filing the the new ones and so uh some states might fall behind you know florida cranks out three business days like like normal but then every now and again it's 12 business days or pennsylvania is 15 business days or texas might fall behind or texas instead of doing two business days might be 24 hours it really just depends how long it takes the people uh doing it and so um in new york for example there aren't really any people that have to physically do this work to have to do the filing and that's why it's instant texas and delaware actually have physical people taking this information in delaware taking it from the fax machine and putting it into the computer and then it's in in the system so the states that are instant humans don't have to do anything it just gets done um but for the states that have this kind of manual process sometimes it does take a while um if they fall behind and so that's a caveat uh there so um i've answered that question hopefully um i didn't go into too much gross detail about this and i answer your question pretty uh succinctly and you got a little bit more context if you like this video and you like some more of our videos i would appreciate you to like and subscribe it helps boost these videos to help other entrepreneurs just like you please share with a friend if there are questions that i didn't answer please ask below in the comments and i will make a future video um but also use betterlegal.com so go to betterlegal.com to form your llc or corporation or share it with a friend and help us help more people get all the information they need and all the filings and documents they need in order to become a successful and legal entity in whichever state they choose in the u.s thanks


Thanks for your comment Winter Majeed, have a nice day.
- Zonia Abina, Staff Member


Comment by Marna

hey gang jim hart back at you here from hawthorne law are you operating your business as an llc did you form an llc recently and are you wondering whether or not you're handling everything properly now that you've started your llc today's video i'm going to share with you all the things that you need to do once you start your llc to make sure you don't mess everything up with your business moving forward hey my name is jim hart i'm the founding attorney here at hawthorne law we help online businesses and entrepreneurs to get their legal house in order so that they can focus on doing what they do best and that's helping other people and building their business and building something that is truly magical and wonderful in the world that is going to really change lives and today i'm here to talk with you about the things that you need to do after you have started your llc to make sure that your business is protected moving forward now most online entrepreneurs will start out as a sole proprietorship and if you're not making any money and you don't have any clients that's probably the best way to go because god forbid i don't want you going out there and spending you know any money forming an llc if you don't have any money coming in yet and that's a big question that people ask me about when i get on calls with people is how to when to form that llc should they do it and i've talked to a number of people who are just not at that point in their business yet where they're ready to start an llc and and that's fine and and not everyone is at that point but what we want to talk about today is if you've just formed that llc and you're wondering okay now what do i need to do this video is going to be for you all right so there's a number of things that you need to do when you are starting out with a brand new business with a brand new llc probably the first thing you need to do is make sure that you have an operating agreement drafted and that's something that that you can do for yourself you can find something online for free we offer an operating agreement you can check it out here or if you use my services to sign up for your own llc or if you did use my services to sign up for your own llc then you'll get an operating agreement through that service as well but having an operating agreement in place is vital to making sure that if anything would ever happen with your business if you were to get sued and i've talked to a lot of people who are in very high risk businesses where it's very possible that they could get sued in their business and you need to have a good operating agreement because that is going to show that you're following the proper procedures the following the proper legalities to make sure that your business can be protected so that that plaintiff's attorney that's trying to sue you can't come in and say judge you know what they don't even have an operating agreement so clearly this is just a big you know this is just them and they formed an llc they formed some articles of incorporation or excuse me articles of organization that's what they're called for llcs and they form that and they really haven't done anything they're not operating as an llc so disregard the llc and let's get at those personal assets shall we anyway an operating agreement is going to help protect you from that so you definitely want to make sure you get an operating agreement in place number two and again this is something we do for you if you sign up through our service but you need to apply for your ein to apply for an ein you need a tax id number or social security number all in existence right now and there are services that will obtain an ein number for you if you're a foreign or if you're from out of the country and you do not have a social security number there's ways to go about that it takes a little bit more time that's not something we offer right now but i've thought about it in the future and but you need to get your ein number for your business this is vitally important because you need it before you can go to step number three and step number three is you need to go and open up a bank account for the llc so maybe you've been operating as a sole proprietorship up until now and you're switching to an llc and so you need to make sure you transfer all the funds and all the money from the bank accounts you've been using for your sole proprietorship which hopefully is segregated against your personal bank account that's very important to maintain that distinction between the two hopefully you've done that and but you transfer all the funds from your personal business account into the account for the llc but to do that you need the social security number which i just talked about so open another bank account that's very important and you might want to open more than one check out my video on profit first for entrepreneurs and you might want to open two or three or four in my case i've if i had to count on one i probably got like six or seven once i'm not sure i i've got a lot because they all have a purpose right so do that number fourth thing you need to do is you need to apply or reapply if you've already got them as a sole proprietorship for your personal business license and permits now in some states in some municipalities you're going to apply for those on a personal level anyway like for me for instance i've talked about this before as an attorney i have to get what's called a privileged license in north carolina well specifically in in wake county or or cary north carolina where i practice as an attorney we need to have a privileged license and that's something that i apply for it's for me personally as a lawyer so if i were to leave my firm and go join another firm then i would take that privileged license with me to the new firm it has nothing to do with my llc so but in other cases you need to have an actual license for the llc so make sure you apply for the proper things as again as part of the business formation package that we offer we have an upgrade that you can get which will basically we will do a search in your local area for all the different business licenses and permits you need and prepare a report for you so you can go and apply for all those and make sure you've got everything you need for your business all right number five you need to make sure that you've got your contracts in place for your vendors and your clients or whoever you work with and so if you had contracts in place previously for them with you personally you need to just that's pretty simple you just change them all and substitute for your name the llc name and then making sure that when you sign those contracts you sign it the proper way you want to sign it as the llc by your name as member of the of of the or owner of the llc something like that so that you make sure that every contract you enter into with either clients or vendors or service providers whatever that it's between that entity or person and your llc as opposed to you personally now you may need to go back with old clients and all vendors and say hey i just formed an llc we need to redo our


Thanks Marna your participation is very much appreciated
- Zonia Abina


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