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If you recently formed a Limited Liability Company (LLC) or incorporated, you have taken an important step toward setting the legal foundation for your business and protecting your personal assets. While you may have had several questions leading up to the decision to form an LLC, you probably have even more on what to do after. Here are 5 things to consider before you’re ready to do business.What You Need To Do After Forming An LLC. 1. File in LLC: getting an LLC is the first step and creates a legal foundation for the business. A business license gives you the right to operate. Depending on what kind of business you have and where you live, you may need to get business licenses from your state, county, or town. Examples include: zoning permit, permit from the health department, professional licenses, a general business operation license, and home occupation permits. Most licenses are relatively inexpensive and getting one upfront will save you money and keep your business you have to keep a File in LLC. 2. Helping on getting Employer Identification Number (EIN) from IRS: An EIN, also known as a federal tax ID number, is a way for the IRS to identify your business and track its transactions.getting an EIN is good practice even without employees. That’s because you can give the EIN, instead of your personal social security number to clients and vendors. 3. Helping on open a US bank account: Once you have established your LLC, you can open a business bank account under the LLC. This will allow you to accept checks made out to your business it's must be needed to open a US bank account. 4. Insure Your Business: While forming an LLC or incorporating does help protect your personal assets from any liability of the company, it doesn’t protect the business itself from losses. That’s why you should consider getting a general liability insurance or a Business Owners Policy (BOP). These policies will broadly cover your business against accidents, injuries, and negligence claims. 5. Make a Plan to Keep Your LLC Compliant: Once you become a corporation or LLC, you’ve got to operate your business at a higher administrative level than you’ve been used to as a sole proprietor. Both LLCs and corporations often need to file an annual report with their state, as well as keep up with their quarterly tax payments. Mark these important dates on a calendar ahead of time, or sign up for a service that will automatically send you alerts ahead of key state and federal filing deadlines.