How to Start an LLC in Hawaii – Short Version


How to form an LLC in Hawaii Hawaii is an excellent place to form a new
LLC: it boasts low corporate taxes, and has the number one fastest startup growth in the
nation. Every state has slightly different requirements
for forming an LLC. Follow along closely to learn the required
steps for creating your own Limited Liability Company in the state of Hawaii. There are two ways to form an LLC in Hawaii:
You can form one yourself, or you can hire a service to do it for you. Let’s start by looking at the five basic
requirements to form an LLC in Hawaii on your own: One: Name your LLC. You’ll need to choose a company name that
complies with Hawaii naming requirements, and do a name search on the Hawaii State website
to make sure the name isn’t already taken. You should go ahead and register the URL for
your business website and email as well. Two: Choose a registered agent. Hawaii requires that you nominate a registered
agent for your LLC, who is your business’ point of contact with the state. The registered agent can be an individual
within the company including yourself, or you can hire a professional service authorized
to do business in Hawaii. Three: File the Articles of Organization. To register your Hawaii LLC, you will need
to file the Articles of Organization with the State of Hawaii. This can be done online or by mail. You should also state whether your LLC will
be member-managed or manager-managed. Member-managed means all members of the LLC
manage the company. This is good for small organizations, where
everyone is involved in day-to-day operations. The second option is manager-managed, where
individuals are appointed to manage the LLC. This is appropriate for larger organizations,
where not everyone is involved in the day-to-day affairs of the business. Four: Create an Operating Agreement. You should also create an operating agreement
to establish ownership terms, member roles, and operating procedures. This legal document ensures that all business
owners are on the same page and reduces the risk of future conflict. A comprehensive operating agreement will further
establish your LLC as a separate legal entity, however, it does not need to be filed with
the state. Five: Obtain an EIN. Lastly, you’ll need to get an Employer Identification
Number, or EIN, from the IRS. Also known as a Federal Tax Identification
Number, your EIN is like a social security number for your LLC and is important for taxes
and banking. EIN’s are free of charge, and can be obtained
from the IRS online or through the mail. And with that, you will have formed a Hawaii
LLC on your own. Option 2. Hire a Professional Service The second way to create a Hawaii LLC is to
hire a professional service to create your LLC for you. Hiring a professional service to file your
forms and act as your registered agent for the LLC will cost you an additional 50 to
150 dollars. However, there are several benefits to working
with a pro: A hired registered agent helps with getting
your reports filed on time, helps you stay organized by keeping your business mail separate,
and is available at all regular business hours to accept official mail and legal papers on
your LLC’s behalf. A final and important additional benefit of
using a service is privacy: a professional service will provide a level of privacy by
withholding your personal name and home address from the LLC’s contact information. There are many reasons why you might not want
your personal information easily accessible and associated with your business- hiring
a professional LLC formation service is an easy way to accomplish this. Now that you have seen the different requirements
and ways you can form an LLC in Hawaii, visit our site and take some time to research your
options and establish a solid foundation for your business activities. Click on the links in the description below
to research the top 5 professional formation services, or get more information on how to
form a Hawaii LLC on your own. We offer a host of free templates and tools
to help accelerate your small business, from operating agreements to business plans- all
free of charge. Visit us at HowtostartanLLC.com

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