Articles of Organization are the documents filed with the state to formally create your LLC. They should include things like the LLC’s name, registered agent, and any additional information required by your state. You can fill out Articles of Organization by yourself or use a service like LegalShield to ensure your information is accurate. In the meantime, here’s everything you need to know about filing Articles of Organization for an LLC.
Do I Need To File Articles of Organization?
- Business name
- General overview of the company
- Business address
- Name and address of the business manager (whether registered or not)
Instructions for Filing Articles of Organization
When you’re ready to form your new business, make sure you file your Articles of Organization (also called formation documents) at least five business days before you want to start doing business.
Step 1 – Access the Secretary of State’s website. This is where you’ll file your Articles of Organization, so make sure you have your business name handy and be prepared to pay any filing fees.
Step 2 – Gather Your Documents. The Secretary of State’s website will ask you for your business name, mailing address, and contact information.
Step 3 – Prepare to Answer Questions. The Secretary of State’s website will ask you questions about your business, such as its purpose and whether it is domestic or foreign.
Step 4 – Submit the Form. Once you’ve answered all of your questions, it’s time to submit your Articles of Organization online or by mail.
Now, you might be wondering—Do you need an EIN for an LLC? The answer is, yes. The EIN stands for an employer identification number, and it serves as an identifier for businesses. If you’re setting up a company yourself, you’ll need one to do business with other companies or individuals. It helps identify your business and simplifies tax reporting requirements.
What Is The Structure Of An LLC Operating Agreement?
An LLC operating agreement spells out how you will manage your business. As an LLC owner, you’ll sign off on critical decisions, such as distributing profits and what happens if one member wants to leave. The structure includes:
1) How members are added and removed from an LLC,
2) How your company distributes profits and losses among members,
3) How much each member is responsible for paying in taxes,
4) What happens if one member wants to leave.
You may need your operating agreement more than once. For example, if one member wants to leave and take all his or her profits with him or her, it will be necessary to dissolve your LLC and create a new one.
If you’re thinking about incorporating your business, consider several things. The first is whether or not it makes sense to do so. The second is how you should go about doing it. We hope our article helped to provide some guidance on both fronts.