So, you have decided to set up a Limited Liability Company - an LLC. This choice has multiple advantages for you and your business:
- The debts of your company will never become your own debts - you do not put your personal assets at risk;
- There are only a few documents you need to complete and file with authorities that oversee the process of formation and further activity of the business;
- You will not have to arrange multiply meetings of people liable for the company or retain a lot of records - even if your LLC is not a small business, the recordkeeping requirements are not strict;
- You can file taxes on par with Partnerships, S-corporations, C-corporations, and Sole Proprietorships with numerous financial benefits;
- You have management and ownership flexibility - this way, it is possible to distribute profits the way the members of the company want to, without having to comply with laws set by the state.
If you want to save time and money by starting the business without the help of a professional lawyer, you can from the LLC using printable LLC Forms - download them below.
- An LLC Operating Agreement is the most important internal document of the LLC. It describes the structure of the company and outlines the rights and responsibilities of the members. You can discuss the distribution of revenue and the process of adding or removing members and put it in this agreement for future reference whenever members disagree on an issue.
- LLC Articles of Organization are submitted to the state authority that registers new businesses to confirm the formation of the company. You need to provide the main details about your entity, its purpose, and the identification of managers and members. This document is accepted by the office of the Secretary of State, and then you receive a Certificate of Organization that makes your commercial activities legitimate.
- An LLC Buyout Agreement should be prepared by the members of the company as soon as they can to put in writing the procedure of removing one of its members from the organization. Whether this individual chooses to leave or cannot fulfill their duties anymore, you need to decide beforehand what will happen to their share of the business and which members will purchase it or, in some instances, receive it for free.
Haven't found the template you are looking for? Take a look at these related forms and templates below:
The purpose of this form is to provide government authorities in the state of Georgia with the information required to make a record about an LLC.
This document acts as the key legal agreement of any LLC and contains its contact details, describes the purpose of the business, outlines the financial relationship between the company members, and their rights and duties as business managers.
Use this form to record the decision of a Limited Liability Company (LLC) member to permanently leave the company.
This type of agreement outlines how Multi-Member LLC is divided and provides a detailed explanation of the way in which the company will function.
This type of agreement is formed in Alabama when the sole owner of a business would like to draft up a written document containing information regarding the day-to-day business practices and other relevant information.
This is an essential document used in Alabama that describes how a company with several owners operates, lists key regulations the business follows, and protects individuals that formed the entity from bearing personal liability for the actions of the company.
This type of agreement is used in Alaska in order to document and lay out the regulations and normal day-to-day operations of your business.
To correctly outline the short-term policy of the business and its long-term strategies, you should prepare this type of document in the state of Alaska.
This agreement is used in Arizona and should clearly lay out all of the information regarding the structure of a business and the daily business operations that occur.
If you have started a small business or a large corporation in Arizona with one or several partners and you are looking for a convenient way to determine the main regulations you should use this type of template.
Using this document in Arkansas, the personal assets of a business owner are distinguished from the assets that are related to the business.
This is a legally enforceable contract used in Arkansas and signed by several owners of the limited liability company who agree upon the most crucial elements of their commercial endeavors.
Residents of California may use this type of template to outline all of the general daily procedures within a single-member managed business.
To correctly outline the short-term policy of the business and its long-term strategies, you should prepare this type of document in the state of California.
This agreement is used in Colorado to outline details about standard day-to-day business operations as well as to establish ownership and management within a company.
To make sure several owners of a business know the right course of action in the event of a disagreement or dispute and have a clear picture of the organization's hierarchy and duties of the members, you need to prepare this type of template in Colorado.
Residents of Connecticut may use this template to produce a detailed operational plan of their business, outlining all of the everyday functions.
This document is used in Connecticut and refers to a formal document that lists the main features of a limited liability company that has several owners, letting them regulate the most important aspects of their business affairs.
This document is used in Delaware and contains all of the necessary information about the organizational structure of a business and any other relevant information relating to the business.
To correctly outline the short-term policy of the business and its long-term strategies, you should prepare this type of document in the state of Delaware.
This is a form that is created by a business owner in the case that they are the sole owner of the business in the state of Florida.
This is an essential document used in Florida that describes how a company with several owners operates, lists key regulations the business follows, and protects individuals that formed the entity from bearing personal liability for the actions of the company.
This agreement is used in Georgis to outline details about standard day-to-day business operations as well as to establish ownership and management within a company.
This is a widely used legal instrument used in Georgia and signed by all the owners of a company to confirm the members do not bear personal responsibility for the debts of the organization and to decide in advance how the business will operate.
This agreement is used in Hawaii to outline details about standard day-to-day business operations as well as to establish ownership and management within a company.
This is a formal document that is used in Hawaii that determines the main components of a business' activity and specifies the structure of the organization.
This document is needed in Idaho to record specifics about the organizational structure of the business, establish business ownership, and provide information about the management team.
To ensure the interests of your company are protected from internal conflicts and misunderstandings, you should compose this type of document in the state of Idaho.
This template is used in Illinois and provides a thorough explanation of a business, covering information from the ownership of the business to the standard everyday practices that are implemented within the company.
If you need to establish guidelines for a limited liability company this type of template can be useful in the state of Illinois.
This agreement is used in Indiana in order to clearly set in writing the policies, rules, structures, and ownership of the company in great detail.
To correctly outline the short-term policy of the business and its long-term strategies, you should prepare this type of document in the state of Indiana.
This document is used in Iowa and the purpose is to clearly lay out the aims, ownership and management, regulations, and structure of the company as a whole.
To streamline the management of a limited liability company that has two or more owners, you should consider preparing this type of template in the state of Iowa.
This agreement is used in Kansas to outline details about standard day-to-day business operations as well as to establish ownership and management within a company.
This is a formal agreement used in Kansas that is prepared and signed by all the owners of a business as a manual that describes how the company is run.
This is a legal document used in Kentucky in which a single-member (owner) of a company describes the specific details of their business.
To be sure your limited liability company owned by two or more people conducts its business activities following its own rules residents of Kentucky should use this type of template.
This type of agreement is designed for sole business owners that have their business registered in Louisiana.
This is a document used in Louisiana that describes the basics of the company that has several owners and contains the rules to follow in the event of a disagreement between the members.