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Expanding your business with a subsidiary LLC can help you separate operations, manage risks, and create new revenue streams under your existing company. Setting up a subsidiary is a straightforward process, but it’s important to follow the right steps to ensure proper legal and financial compliance.
Steps to Open a Subsidiary LLC
1. Log Into Your Account
Begin by logging into the platform or business portal where your current LLC is registered.
2. Access Your Dashboard
Once logged in, go to your dashboard. Locate your existing company name and click on it to view all the businesses currently associated with your account.
3. Select “Add Another Company”
Look for the option to add a new company. Most business management platforms include an “Add Another Company” button, which allows you to begin the subsidiary formation process.
4. Raise a Support Ticket
After clicking the button, a support widget will appear. Submit a ticket through this widget requesting the creation of a new subsidiary LLC.
5. Provide Required Details
In your support request, include all necessary details such as the new subsidiary’s name, type of business entity, ownership structure, and any additional information requested by the platform or state.
Support and Assistance
Once your request is submitted, the customer support or sales team will help process your subsidiary LLC formation. They will ensure your filing is accurate, assist with any required documentation, and guide you through next steps like obtaining an EIN, setting up a business bank account, or registering for state taxes.
If at any point you have questions, you can always reach out to the support team through the provided contact channels for further guidance.