LLC forming is not a difficult process. But, it can save you from losing your personal assets, if someone files a lawsuit against your small business. In most cases, you will have to file a letter of intent to form a business with you state. You may also have to obtain an employer identification number, if you are going to be hiring employees. Some states may also ask you to public a notice in your local paper. You will also want to check with your particular city, to make sure you do not have to do something else. An LLC gives you the rights to the name of your business. It can also make a difference in how you must file your self-employment tax returns.