When it comes to naming your Hawaii LLC, you should attach the standard ‘Limited Liability Company’, ‘L.L.C.’ or ‘LLC’ in the actual name. Additionally, you can abbreviate ‘Limited’ to ‘Ltd.’ and ‘Company’ to ‘Co.’ The name must be distinguishable from the names registered in the Department of Commerce and Consumer Affairs Division.
Before filing a Hawaii LLC, ensure that the name you have selected is unique. Check for its availability using the business name search tool. Should the name be available, you can have it reserved at a fee of $10 by filing an Application for Reservation of Name.
When starting an LLC in Hawaii, a Registered Agent is a necessity. The Registered Agent is an individual who resides in the state or a business entity, domestic or foreign, that is legally certified to transact business in the state.
This Registered Agent should provide a physical street address within the state to qualify for the position as well.
That said, you can hire a Registered Agent service and pay up to $160/year, or get a Hawaii Registered Agent free of charge when you incorporate your LLC with IncFile.
An Articles of Organization for a Limited Liability Company should be filed to legally register an LLC in Hawaii. This form is filed online or through mail to the Department of Commerce and Consumer Affairs – Business Registration Division of Hawaii. Information about your LLC will have to be provided on the form upon Hawaii LLC filing.
This includes name and address of the LLC, name and address of Registered Agent, names and addresses of LLC organizers, as well as other additional statements that need to be included.
Fee for filing the LLC: $50
An LLC EIN is a requirement when you form an LLC in Hawaii. The Employer Identification Number is your LLC’s unique identifier as a business entity.
The Hawaii EIN is used in almost all major transactions when you run a business. You can get a free EIN through the IRS website right now.
By opening a business bank account you will be able to keep all financial assets separate. Not only does it protect your personal assets, but it makes paying taxes a lot more simple.
This will keep all of your business and personal finances separate, which makes tax time much less stressful. You can open an account through your current bank or through one of these.
By now, you are already a legal business entity. To get you started on operating legally, here are a few more steps you must accomplish to become compliant.
Behind almost every business success story is a solid business plan. So when you’re starting a Hawaii business, make it your priority to write a business plan.
A business plan outlines business goals and how you will achieve these goals. A solid business plan for your Hawaii LLC is also a great marketing tool to find the capital you need to operate your business. Below are some links you can utilize when writing your own business plan.
Your requirements for Hawaii LLC tax and business licenses is one of the most crucial obligations that must be completed when incorporating an LLC in Hawaii. So when you’re starting an LLC in Hawaii, you should have a firm mindset to comply with every obligation required of you in terms of Hawaii business licenses and taxes.
Use our Hawaii Business Taxes guide to fulfill your tax obligations as a Hawaii LLC. For your requirements for Hawaii business license, you can refer to our Hawaii Business Licenses and Regulations guide.
An LLC Operating Agreement is an important document that should be created at the onset of your business. The biggest importance of an LLC is that it protects the limited liability status of your business. Furthermore, it provides organization in the functional and financial aspects of your LLC.
The Rocket Lawyer Operating Agreement is a free and easy option to create one as it is fully customizable to your business’ needs.
To be able to compete with existing businesses, you need to have a business website to build trust with your customers. The best alternative to hiring an expensive designer is to start a website on WordPress.
Bluehost has one-click-to-install option that a non-tech savvy entrepreneur can do themselves. Learn how to get started with this simple guide.
This guide is intended for information purposes when starting an LLC in Hawaii and is not legal advice. You should always go to your lawyer for matters about specific questions on how to form a Hawaii LLC.