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Setting up an LLC with a partner
I need to set up my LLC, I have a partner what is the best way to start?
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Basically, the process is to set up an LLC with the state, apply for an EIN, and then open a bank account with the new EIN.
You could set up the LLC yourself, but I recommend hiring an attorney to set it up for you. An attorney will help you with an operating agreement as well.
Make sure to consult with a CPA on the tax implications of a multi-member LLC.
Good luck!
- Daniel Hyman
My Online Accountant
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