In step 2, we are asked to enter some basic information about the business. These include:
Employer Identification Number – This is optional, but if you already have it, you can enter the EIN of the LLC here. A link is available to the IRS to file for one, however, I would wait until the LLC is filed as should the name not be available, it is a pit of a pain to change it with the IRS. See our guide on .
NAICS Code – This answer is also optional, but is asking for information regarding the business’s activities. To do that, there is a number called NAICS (North American Industrial Classification System). This code is a six-digit number that classifies and categorizes the different businesses. This information is used in reporting statistical data for each of the industries in the U.S. Learn more about .
Duration – If you intend the business to exist forever, which most businesses do, enter “Perpetual” or leave blank, as all LLCs are set up with a perpetual duration by default. If you have a specific end date in mind (typically used for investment-related businesses), choose a dissolution date.
Effective Date – If you want the LLC to start immediately, leave today’s date in the box. Otherwise, choose a date in the future that you want the LLC to start. The main reason for delaying the LLC start date is when the filer is close to the end of a calendar year, and the business isn’t going to have any activity. By delaying until the following year, they will reduce the number of end-of-year filings.
