Forming an LLC in West Virginia
Forming an LLC in West Virginia in 7 easy steps
- When choosing a name for your LLC, you must include an LLC identifier such as “Ltd Liability Co”, “LLC” or “L.L.C.” You cannot choose a name that violates trademark law or a name that is already in use by another LLC.
- You are not required by law to hire an attorney when forming an LLC in West Virginia, but it is customary to let an attorney check the Operating Agreement. A flawed Operating Agreement can cost a lot of money in a long run since it can lead to serious tax problems for a limited liability company.
- The next step is to visit the West Virginia filing office and file the Articles of Organization with them. You must also pay a filing fee. In West Virginia, the minimum fee is $125. (For 20 business days.)
- Before you can go any further, the members of the LLC must attend an Organizational Meeting where they adopt the Operating Agreement.
- When the Operating Agreement has been adopted by the members, it is time to get a Federal Employer Identification Number (FEIN) for the LLC.
- Open up a company bank account for your newly formed company.
- Apply for a local business license from any applicable city and county. Also check if the company needs any type of permit.
Maintaining an LLC in West Virginia
In West Virginia, limited liability companies are required to hand in an annual report and pay $25 in annual report fee. The annual report is due April 1st each year.
