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When an individual goes into business, they have to decide what kind of business they are going to be. If it is a one man operation, the two choices are usually either an LLC or a sole proprietorship. Each of them have their own benefits, but with the economy being what it is, many individuals are choosing the protection of an LLC and use an LLC as their business choice.

When it comes to forming a business structure, many people get a little intimidated thinking that it is some long process that will take them forever and cost them a bunch of money. However, in most cases, if you have an Internet connection and a credit card, you can set up an LLC in less than an hour and usually for under $300.

The first step is to check with your local government offices about which forms you are going to need to fill out. You will be forming in your state, so by going to the state site, you will be able to get everything that you need.

From that point, you are going to have to choose the name of your business and you are also going to have to decide how you want the LLC to be designated at the end of the name. You can usually use LLC or Limited Liability Corporation. The site will generally walk you right through the application and it will literally take you about 20 minutes to get it filled out.

Upon submission, you will have to pay the local fees and then you are forwarded all of your legal papers. While you will also get a hard copy mailed to you, it is better to print out a copy and also save one on a disk for future keeping. These papers are more or less the social security card of your business. Keep them in a safe place. Now it is time to open your doors for business!