However, some states provide shorter processing times, particularly for expedited requests. A company can be designated as having a perpetual duration, or some specific date or amount of time can be provided for its automatic termination. Unless the LLC will last in perpetuity, the owner(s) must state the time period for which they want the LLC to last. There are also certain identifying terms that the state will not allow an LLC to use, such as “Bank,” “Attorney,” or “University,” or any other term that might confuse the public. The owners of an LLC are called members. Most do, however, and stipulate that the address cannot merely be a mailbox or phone answering service. Many small and medium-sized businesses like the idea of forming an LLC because it provides the owner(s) with personal liability protection and shields personal assets from the LLC’s financial debt or legal liabilities. Joseph Nicholson is an independent analyst whose publishing achievements include a cover feature for "Futures Magazine" and a recurring column in the monthly newsletter of a private mint. This person could be an owner (member) of the LLC or could be a third party (attorney or LLC filing company). It must also adhere to other state guidelines and requirements. The registered agent is the person or entity authorized to receive lawsuits or other legal documents on behalf of the business. In fact, some states, such as California, Texas, and Florida, have fill-in forms that you can quickly fill in online and submit. Note, the statement of purpose does not have to be specific, and something like “to engage in any lawful business for profit,” will usually suffice. Was this document helpful? You cannot back-date this document, meaning that you cannot file it indicating that your LLC’s effective date is prior to the date of submission. Some, but not all, states require an LLC's articles of organization include a statement of the business' purpose and/or its duration. For example, Texas refers to it … Copyright 2020 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. Each state is different, but the majority of states require the Articles of Incorporation have some minimum basic information about the LLC in order to be valid. Share it with your network! For each member named, her ownership interest in the company should be given as a percentage. Some LLCs are member-managed and therefore do not have separate managers. If a person works out of their home, then the home can be listed as the principal place of business. No need to spend hours finding a lawyer, post a job and get custom quotes from experienced lawyers instantly. Was this document helpful? 3. Hire the top business lawyers and save up to 60% on legal fees. Filing your business’s Articles of Incorporation is what officially registers your business as an LLC in any given state. After filing this document, the state might either provide a certificate of organization or simply return the Articles of Organization with a stamp that indicates the date of filing and filing number. Articles of organization. Therefore, if you use a term in your name that indicates you operate as an educational institution or a government agency, then you will need to change your name. Each state requires an LLC to designate a registered agent that sends and accepts legal documents on behalf of the LLC. If you are working off of a template, the steps will generally be titled, “Article I,” “Article II,” and so on. The Articles of Incorporation must include a general statement of purpose. He received a Bachelor of Arts in English from the University of Florida and is currently attending law school in San Francisco. For an LLC, these identifier terms can include, “LLC,” “Ltd. Some states have different names for the document. Each state has its own requirements for a registered agent and physical address. Once the Articles of Incorporation are filed and accepted, the LLC is now a legal entity ready to do business in the state. These requests carry additional fees for the convenience of a much quicker processing time. To differentiate the LLC from these other entities, many states refer to the founding document of a limited liability company as articles of organization, since, technically, the business is not incorporated. Many state and non-state websites provide free templates for you to work off of. A sample Articles of Organization LLC can help you draft your Articles of Organization when it comes time to submit it to the Secretary of State. The Articles of Organization consists of various numbered articles, each of which have certain statements that must be made. If the members run the day-to-day operations, your LLC is “member-managed.” If the LLC hires or appoints one or more managers to run the business, the LLC is “manager-managed.” Article 7: Members. This could include drafting an Operating Agreement, obtaining an Employer Identification Number (EIN), setting up a formal accounting system, and obtaining licensing and permits that might be required at the federal, state, and local levels. This is the person who will sign the document and submit it to the Secretary of State. When forming an LLC, it is helpful to work off of an LLC Articles of Incorporation template when registering your business.3 min read. This also depends on the state in which you are filing. For example, if the name you want to use is being used by another LLC in that same state, then you have to choose a different name. See here for all LLC filing forms. To differentiate the LLC from these other entities, many states refer to the founding document of a limited liability company as articles of organization, since, technically, the business is not incorporated. Other states refer to this document as either a Certificate of Formation or Certificate of Organization. No need to spend hours finding a lawyer, post a job and get custom quotes from experienced lawyers instantly. Articles of Organization Template: LLC Articles of Organization template (free download) Note: We recommend using the Articles of Organization provided by your state.

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