Writing articles of organization
If you miss your renewal period, you will have to refile the Articles and pay a reinstatement fee plus the annual renewal fee. Type of Equity — The articles of incorporation lay out the equity structure of the company.
Notably, the state will send notices, such as: the certificate of incorporation, notice of annual dues, taxation matters, etc. Warning Most states require that the Articles of Organization be renewed annually.
Other information will include: The name of the LLC. Have you chosen your registered agent for each state you are registering in?
That is, it will designate the types of classes of shares authorized to be issued. It allows for the division between the owners and those who control the company for the benefit of owners.
After several steps and a filing fee, you can be the proud owner of an LLC. What is the purpose of your LLC? Step 2.
Trademark infringement can be a time-consuming and costly experience. The registration of the LLC also serves to register your business name. How to start an LLC An LLC comes with quite a few perks, chief among them is limited personal liability exposure, which can protect you as a person in the event of a lawsuit against your company. Do you want to manage your own LLC, or would you rather step back and let someone else handle it? There may be more than one incorporator. United States[ edit ] The articles of organization outline the governance of an LLC along with the operating agreement and the corporate statutes in the state where articles of organization are filed. They establish the agreements necessary to structure and fund the corporation after it comes into exists. Is the name available for use? The manager-managed structure is useful in situations where there are too many members to efficiently manage the business or when there are some members who would prefer to be passive investors. The articles should state the number of shares authorized and the value at which these shares will be issued.
If a business entity is formed in one state, it must generally register to do business in another state if it carries on activities there.
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