Last Updated: June 5, 2024, 1:08 pm by TRUiC Team


Congratulations on creating your LLC! Now that your business is formed there are still several steps to take to continue developing your business. To make things easier, we have broken down these steps into two main categories:

  • Immediate steps that must be taken after formation
  • Annual requirements you will need to continue to fulfill
Maintain Your LLC Image


Here are the immediate steps to take after formation to avoid pitfalls and insure the smooth operation of your LLC.

Separate Personal Assets

Protect your personal assets while making accounting and tax filing easier. This article will walk you through the process of opening a business bank account and getting a business credit card.

Set up Accounting

Implementing a well-managed accounting system is critical to keeping your books in order. This article will help you determine the best accounting system for your company.

Get Insurance

There are two types of insurance that Limited Liability Companies may need including General Liability and Workers Compensation. Find out more here.


This article covers everything you need to know about LLC taxes. If you are hiring employees, you will also need to pay employee taxes.

Licenses & Permits

Most companies require local, state, or federal licenses or permits in order to do business. Learn what licenses and permits your industry requires in your state. You will need to comply with all applicable requirements before opening for business.

Employee Hiring Compliance

This article covers all of the legal obligations your business is required to meet when hiring employees and building your team.


Many States have annual reporting requirements including Annual/Biennial ReportsFranchise Tax, and Income Reporting. Select your State below to find out what your requirements are.

Look Up Your State's LLC Annual Requirements