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Friday, July 18, 2014

We did it! Obtaining an LLC and Trademark

I am a firm believer in practicing what you preach. In an April 2014 post entitled Copyrights, LLC, Inc. and Trademarks, I discussed the importance of protecting your name, company, or slogan. Lee Morin, entertainment attorney, was my guest interviewee and she explained how to go about obtaining this protection. After making the post, the creator of The Beat Geeks and I decided to hire Ms. Morin as our attorney. We then began the process of obtaining a Limited Liability Company.

This blog post is to walk you through the steps that we had to take to obtaining the L.L.C. so that you will know first hand what it takes! In obtaining any attorney, a retainer fee is required. Information obtained from lawyers.com indicates that most attorneys/lawyers require a retainer fee. This fee allows the attorney to represent you. As the attorney conducts business with and for you, money is withdrawn from this retainer. Always, always, check your balance and invoice to show where your money is going! Once you have obtained the attorney you can now begin your process.

With obtaining the L.L.C., four important things were needed: 1. Name of the business 2. Registered Agent 3. File Articles of Organization and 4. Operating Agreement. As stated in How to Form an LLC in Georgia by Stephen Fishman and by Ms. Morin, the cost to file the Articles of Organization is $100 dollars. This is a minor fee for such a huge accomplishment. The operating agreement can be completed after you obtain the L.L.C.

So how long does the process take and how do you know when you receive it? Well, from personal experience, we filed ours on July 10, 2014. We received the L.L.C. on July 16, 2014! This took no time at all. We received an email that had the filing certificate, the domestic initial filing form, and the invoice. This lets you know that your business is officially an L.L.C. You can also check on Georgia Secretary of State website or your local Secretary of State website for your business.

This was a huge accomplishment for my team and we wanted to share our experience and success with the readers! Our trademark adventures will follow soon as we take on the wonderful world of trademarks! Leave a comment about your experience with obtaining an L.L.C., Inc., or trademark! I'd love to know the obstacles and to congratulate you on your success as an entrepreneur!

Celebrate with us as we welcome Beat Geek Music, LLC to the business world!