LLC Articles

What is an LLC Certificate of Organization?

A Certificate of Organization for an LLC (Limited Liability Company) is a document that does either one of two things, depending on the state where you are forming your LLC. In most states an LLC Certificate of Organization is a legal certificate from the Secretary of State showing that your LLC was duly formed and is recognized as a legal entity in that state. Usually in these states you file an Articles of Organization (or Certificate of Formation) and the state sends you back a Certificate of Organization.

Who Can be LLC Members?

When forming an LLC, who can be an LLC Member. An LLC Member is an owner of an LLC. This Quick List explains which type of people and which types of companies can be LLC Members. US citizens, US residents, Non-US citizens, Non-US residents, US immigrants, US foreigners, Other LLCs, Other Corporations (C-Corporations and S-Corporations), Other legal entities (besides LLCs and Corporations), Trusts, Pension Plans, and Individual Retirement Accounts (IRAs) can be LLC Members.

How does forming an LLC protect me?

An LLC helps protect your personal liability, meaning, it helps protect your personal assets (bank accounts, home, vehicles, and any valuables) from your business in the event your business gets sued. Think of the LLC as creating a legal “barrier of protection” between your business and your personal life.

What’s the difference between a Foreign LLC and a Domestic LLC?

When most people hear the word “Foreign LLC” they usually think this is an LLC formed outside of the United States. This is not the case. A Foreign LLC still refers to a US company. A Foreign LLC is an LLC that was formed in one state, but is now registering (also referred to as “qualifying”) to do business in a new state. A Domestic LLC is an LLC that was formed in its “home state” and that operates in this state.

Foreign LLC Fees by State

The table in this article shows Foreign LLC registration fees (“qualification fees”) for all 50 states. The average Foreign LLC registration fee in the US is $186. The names of the forms required to register a Foreign LLC vary widely, but some of the most common names are “Foreign LLC Registration”, “Application for Registration of Foreign LLC”, and “Application for Certificate of Authority”.

What is a Foreign LLC?

A foreign LLC is an LLC that was originally formed in one state but then registered to do business in another state. In essence, the LLC is “foreign” to the new state. The reason for this type of terminology is that every single state is governed by different laws. A Foreign LLC is not an LLC that is formed outside of the United States. The requirement to file for a Foreign LLC is usually to expand one’s business operations or to open an additional retail or brick-and-mortar location in a new state.

What is a Multi-Member LLC (MMLLC)?

A Multi-Member LLC is abbreviated MMLLC and is the term used for an LLC that has 2 or more Members (owners). There are no limits* to the number of Members a Multi-Member LLC can have and the LLC Members can be individual people, or they can be companies (like another Corporation or LLC). The purpose of starting a Multi-Member LLC is protect the personal assets of the Members. LLCs – Limited Liability Companies – do just that; they limit the amount of liability the owners would be exposed to in the event of a lawsuit.

What is a Single-Member LLC (SMLLC)?

A Single-Member LLC, abbreviated SMLLC, is an LLC with just 1 owner. An LLC owner is referred to as a Member, hence the name “single member” LLC. The purpose of forming an LLC is to protect the personal liability of the owners. Forming an LLC separates your personal assets from that of the business. All 50 states allow for Single-Member LLCs and this is the most popular type of LLCs formed in the United States.

What 3 States Have LLC Newspaper Publication Requirements?

The 3 states that require LLCs to publish ads in a newspaper are Arizona, Nebraska, and New York. After your LLC newspaper ads have run, you will receive back an Affidavit of Publication from the newspaper. You’ll then file this Affidavits with the Secretary of State (or similar office).

LLC Management and LLC Officer Titles (Members, Managing Members, and Managers)

In this article, you will learn about Member-Managed LLCs vs. Manager-Managed LLCs, and you will learn about the different LLC Officer Titles, such as what is an LLC Member, an LLC Managing-Member, and an LLC Manager, and who can use such titles.