Frequent question: How do I start an LLC in Hawaii?

To register a Domestic Limited Liability Company in Hawaii, you must file the Articles of Organization for Limited Liability Company (Form LLC-1), along with the appropriate filing fee(s) with the Department of Commerce and Consumer Affairs (DCCA), Business Registration Division.

How much does it cost to start an LLC in Hawaii?

How much does it cost to form an LLC in Hawaii? The Hawaii Department of Commerce and Consumer Affairs Business Registration Division charges $50 to file the Articles of Organization. You can reserve your LLC name with the Hawaii Department of Commerce and Consumer Affairs Business Registration Division for $10.

What do I need to start an LLC in Hawaii?

Just follow these six steps, and you’ll be on your way.

  1. Name Your Hawaii LLC. You’ll need to choose a name to include in your articles before you can register your LLC. …
  2. Prepare and File Articles of Organization. …
  3. Receive a Certificate From the State. …
  4. Create an Operating Agreement. …
  5. Get an Employer Identification Number.
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How long does it take to create an LLC in Hawaii?

It normally takes 1-2 weeks for the LLC paperwork to be approved in Hawaii. Expedited processing is also available for an additional fee.

How do I set up a single member LLC in Hawaii?

Starting an LLC in Hawaii is Easy

  1. STEP 1: Name your Hawaii LLC. …
  2. STEP 2: Choose a Registered Agent in Hawaii. …
  3. STEP 3: File Your Hawaii LLC Articles of Organization. …
  4. STEP 4: Create Your Hawaii LLC Operating Agreement. …
  5. STEP 5: Get a Hawaii LLC EIN.

What is the disadvantage of an LLC?

Disadvantages of creating an LLC

Cost: An LLC usually costs more to form and maintain than a sole proprietorship or general partnership. States charge an initial formation fee. Many states also impose ongoing fees, such as annual report and/or franchise tax fees.

Does Hawaii allow domestication of LLC?

Changing Company Domicile to Hawaii

Hawaii law has no provisions for entity domestication. If you plan to move your company to Hawaii your can choose between qualifying your existing company as Hawaii Foreign Entity, or dissolving it in the original state of registration and forming a new company in Hawaii.

How much does a business license cost in Hawaii?

How can I apply for a GET license? The State of Hawaii Basic Business Application, BB-1 Packet, must be completed and submitted with the one-time $20 license fee. It is recommended that the application be mailed in; however, it can also be applied for in person at any of the district offices.

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What is better LLC or sole proprietorship?

A sole proprietorship is useful for small scale, low-profit and low-risk businesses. A sole proprietorship doesn’t protect your personal assets. An LLC is the best choice for most small business owners because LLCs can protect your personal assets.

How do I start a small business in Hawaii?

Steps to Starting a Business in Hawaii

  1. Step 1: Choose a Business Idea. …
  2. Step 2: Write a Business Plan. …
  3. Step 3: Select a Business Entity. …
  4. Step 4: Register a Business Name. …
  5. Step 5: Get an EIN. …
  6. Step 6: Open a Business Bank Account. …
  7. Step 7: Apply for Business Licenses & Permits. …
  8. Step 8: Find Financing.

What is required to start an LLC?

Choose a name for your LLC. File Articles of Organization. Choose a registered agent. … Create an LLC operating agreement. Comply with other tax and regulatory requirements.

Do I need a business license in Hawaii?

Unlike some other states, Hawaii doesn’t have a required general business license for all businesses. However, some businesses may be required to obtain permits from state agencies. For example, a business may need a permit related to the environment or health and safety issued by the Department of Health.

How do you get a LLC license?

How to get an LLC

  1. Choose a Business Name. …
  2. Check the Availability of Your Business Name. …
  3. Register a DBA Name. …
  4. File Your LLC’s Articles of Organization. …
  5. Designate a Registered Agent. …
  6. Draft an Operating Agreement. …
  7. Fulfill the Publication Requirement. …
  8. Obtain Business Permits and Licenses.

How do I start a sole proprietorship in Hawaii?

To establish a sole proprietorship in Hawaii, here’s everything you need to know.

  1. Choose a business name.
  2. File a trade name with the Department of Commerce and Consumer Affairs.
  3. Obtain licenses, permits, and zoning clearance.
  4. Obtain an Employer Identification Number.
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What is a certificate of good standing Hawaii?

A Hawaii certificate of good standing verifies that a limited liability company (LLC) or corporation was legally formed and has been properly maintained.

What is a registered agent in Hawaii?

A Hawaii registered agent is a resident individual of Hawaii or a business registered in the state that agrees to accept legal correspondence on behalf of a company registered in Hawaii.