An LLC can be a great way to structure a business as it can provide asset protection, personal liability protection, and give access to a state’s court system. However, to be eligible to receive such benefits, business owners will have to provide certain paperwork to the appropriate state agencies. If you have an LLC the two main documents you would file are Articles of Organization and an operating agreement.
✔ An Articles of Organization the basis for the legal structure of an LLC. It is usually filed with the Secretary of State in whatever state or states the business conducts activities. The documents will list information such as the business name and address, registered agent information, and member details.
✔ The operating agreement is a detailed document outlining how the business will conduct its activities. It lists management details such as members’ roles and responsibilities, ownership distribution, and how a member can leave the business.
Both of these documents should be in place before business operations commence, as they will facilitate legal protection for the LLC and its members.Registering an LLC can be done at the Secretary of State website.