Filing a Hawaii LLC
If you have never formed a business before, you may find it difficult to determine the differences between the various corporate structures. You should know that many Hawaiian entrepreneurs choose to register as an LLC because the process of doing so is straightforward, and doing so can shield you from corporate liabilities.
Steps To Filing a Hawaii LLC
Choose A Name
The first thing you must do to create a Hawaii LLC is select a name. The state requires that businesses include an indicator like “Limited Liability Company” or an appropriate abbreviation in their name. Additionally, no two business names can be the same. To avoid choosing a name that’s already in use, consider DoMyLLC’s Name Availability Check Page.
Choose A Registered Agent
Another integral part of forming a Hawaii LLC is selecting a registered agent. Registered agents serve as the “middleman” for a company, receiving all legal correspondence. They are responsible for passing this information on to the business owners. If you would like to maximize the role of your registered agent, consider the professional services offered by DoMyLLC.
File Articles Of Organization & Pay Filing Fees
Once a business has secured its name and registered agent, they are ready to file the Articles of Organization with the Department of Commerce and Consumer Affairs. There is a nonrefundable filing fee of $50 to do so. Owners must also include:
- Name of the company
- The mailing address of the initial principal office
- Name and street address of the registered agent
- Name and address of each organizer
- Period of duration
- If the company will be member managed or manager managed
- Name and address of the initial members
- Whether members of the company will be responsible for debts
- Signatures of the organizers
File Initial Report
Hawaii LLCs are not required to file an Initial Report, but they must pay careful attention to the Annual Report deadlines.
Create An Operating Agreement And Hold Meetings
Hawaii LLC owners will also find it beneficial to define their corporate structure and clarify how their meetings will be run. Once complete, they can begin holding meetings. They can do so by creating an operating agreement.
Obtain Employer Identification Number
There’s a good chance that you’re going to want a business bank account. And, it’s an absolute certainty that you’ll need to file federal taxes. To complete both tasks, you’ll need to contact the IRS for your Employer Identification Number.
File State Required Annual Reports
LLC owners need to file Annual Reports each year. These reports are due at the end of the quarter in which you originally registered. There is a $15 fee to do so. However, if you do not pay on time, the penalties can pile quickly. Your business will be assessed a maximum late fee of $100 for each month that they are late. Owners can learn more by visiting the Hawaii Annual Report page.
Ongoing maintenance requires more than filing the Annual Report. Hawaii LLCs must pay their federal, state, and local taxes each year. They must also renew their business licenses and permits as necessary.
How DoMyLLC Can Assist With Streamlining The Process
No matter where you are in the process of forming and operating your Hawaii LLC, DoMyLLC can help. We provide numerous services to help entrepreneurs with the administrative proceedings of their business, including:
- Name availability check
- Articles of Organization preparation
- Filing of the Articles of Organization with the Department of Commerce and Consumer Affairs
- Sample documents, including a sample Operating Agreement, meeting notices, and meeting minutes
- Dedicated account manager
- Unlimited customer support
If you’re looking for assistance forming or managing your Hawaii LLC, be sure to contact the trusted experts at DoMyLLC today.