The first L stands for Literary.
The second L stands for Love.
The C stands for Congratulate me! I’m an LLC! Congrats, says you, so what exactly does that mean? Well, in a nutshell it means that “Literary Wonderland” is now a legally recognized company in the state of <fill in where I am located here>. Literary Wonderland specializes in freelance writing and editorial services. The state recognizes this and any future company that tries to take the name “Literary Wonderland” for similar services is SOL. Sorry Charlie, you snooze you lose. But don’t give up just because I have the ultimate company name. Here are some FAQ’s for going forward with your own righteous entity!
WHY DO I NEED AN LLC?
Good question. If you are planning on branching out on your own and doing a lot of freelancing now or in the future, and if you want to register an original company name with the powers that be, AND if you want to be write off certain purchases that are necessities in your trade, an LLC is the way to go. Sure you can freelance on your own without the added worry of a fancy shmancy company name, but if you want to go the extra mile and make yourself more than just the average Joe looking for work, a company name, web presence, and LLC says to the world: Look at me! I’m serious and I’ve got skills! Holla! And then hire!
HOW DO I GET AN LLC?
It is actually very simple to set up an LLC online. In fact, all I did was to google “setting up an LLC” and a plethora of articles pop up. Duh. Anyone can figure that part out. Then, after you’ve read up on different avenues you can take—you can hire an attorney to set one up for you but why throw your money away?—you can easily find your Secretary of State’s Office website and follow some relatively moron-proof step-by-step instructions to form your limited liability corporation.
DOES IT COST AN ARM AND A LEG TO GET AN LLC?
Easy answer: no.
More detailed answer: Registering your company with the state is not going to bankrupt you by any means. However, if you are currently in a tough situation, it may mean cutting back on something else this month. Do you really need those $6 Starbuck coffees every morning?
My answer: In my situation, it cost $125 to register “Literary Wonderland” as an LLC. I thought that was fair. Then, I tacked on another $50 to get an official sealed certificate so I can frame it and smile at it when I’m feeling low. But you certainly don’t need to do that if you’d rather not. Once you pay the initial fee (which varies from state to state, but not by much), you receive PDFs that include your official company identification number for tax purposes.
IS THAT ALL?
Yup. On the state level, that’ll do ya. Keep in mind though that after you register your LLC with the state, you will then have to also register on the federal level. This is also extraordinarily easy to do and it is FREE. Praise the Lord!
DO I ABSOLUTELY NEED TO REGISTER WITH THE FEDS?
Yes. Like I said though, it’s easy and free. What’s your damage? Are you living off the grid somewhere, holed up in a bomb shelter with a cult and an arsenal just waiting for doomsday? Well if that’s the case brother, you’re biggest concern probably isn’t going to be starting your own freelance writing company. Please, rethink your life. Let the women and children go.
YOU’RE RIGHT, I DON’T KNOW WHAT I WAS THINKING! THANK YOU, LITERARY WONDERLAND! I’M GOING TO START MAKING THE WORLD A BETTER PLACE!
Well now that’s just super. Glad to hear it. But don’t thank me. Thank the LLC.