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Do a partnership LLC, not a LLP. It offers more protections.
In Oklahoma it is a cinch. GO to the Secretary of State, do a search for the name you want. If it is not taken, fill in some simple questions, pay the money. It cost all of $104 to do it here. Then to go the IRS web site and get a Federal ID number that is in the same name.
Done. Then the fun begins with the banks. Go to a bank, and open a checking account and fill out more paperwork than I did to buy my first house. The new laws that recently went into effect require almost a blood sample to open an account.
Oh, and you will need an operating agreement. Then find a CPA to advise you and guide you through the stupid tax laws.
The first 1/4 of the year is Jan-Mar. Easy enough. The second 1/4 is April and May. WTF? Only the US congress can think two months is a quarter of the year, and then we have a 4 month quarter? What???
Keep accurate books. I use QuickBooks. Keep receipts and records of everything.
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Glen
49 Year member of the Porsche Club of America
1985 911 Carrera; 2017 Macan
1986 El Camino with Fuel Injected 350 Crate Engine
My Motto: I will never be too old to have a happy childhood!
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