Taking the plunge. My journey as an O/O.

Remember, the bank you open an account with is going to require a copy of the SS-4. That goes for anyone you apply for credit with under that LLC.

In addition, banks usually require a copy of the Articles of Organization for the LLC filing as a sole member, and Articles of Incorporation if filing as an S-Corp or traditional corporation. Some banks require a copy of any lease agreement from the LLC to be included even for a sole member LLC. My state doesn't, but it varies from state to state.

You're required to use a "Registered Agent" for the LLC as well. So get ready to jump a few hurdles along the way in this new venture of yours

 

If you are getting that for the sole purpose of “protecting” yourself don’t bother. Should something happen you, your business and whatever company you are leased to will all be sued.

 

And since you are the driver you will be sued personally for whatever an attorney thinks you did. The LLC offers no protection there

 

It’s still a good idea for him to get his LLC setup. My guess is in a couple years he may want to move on again to some thing new and having an aged company that’s been doing business for years will only help.

 

Wish I could thank this multiple times. @Farmerbob1 hire a lawyer.

 

If he forms an S Corp he'll have a business that will age. The LLC thing is something a lot of people get hung up on thinking they can't be sued. If he hires a driver in the future then the LLC can protect his personal assets when that driver has an accident. Otherwise it's just a fee you pay for what I think is a false sense of security.