Articles of organization are necessary to form a limited liability company (LLC), including a business name, physical address, registered agent, and information about management. LLCs are hybrids of partnerships and corporations, and it’s important to consider the advantages and disadvantages before submitting articles. Registering as an LLC does not authorize a company to do business, and additional permits and licenses may be required.
Articles of organization are documents filed with regulatory agencies to form a limited liability company (LLC). Until these documents are filed, the company does not officially exist in the eyes of the government. Many government agencies provide blank forms that people can fill out to establish a limited liability company, and the paperwork can also be done by a lawyer who specializes in partnership law. It is important to ensure that the documents are filled out correctly to avoid problems in the future.
Limited liability companies are often described as hybrids that incorporate elements of partnerships and corporations. There are advantages and disadvantages to organizing a business this way that should be considered before submitting organization articles. It is also important to evaluate the contribution of all partners involved in the company.
Several pieces of information should be included in organization articles. A business name and a physical address are two key pieces of information. The company name must not be confused with the name of an existing company and generally cannot include words such as “corporation”, “corporation” or “incorporation”, which could mislead people into thinking that the company was organized as a corporation. Typically, regulatory agencies provide a list of terms that cannot be used in the name of a limited liability company and these companies may be required to use “LLC” or “limited liability company” in their names.
Another aspect of organization articles is a section describing what the company does. The document must also designate a registered agent. This person acts as a legal representative of the company. Registered agents can receive company-related documentation and act as a point of communication for the company. Finally, organization articles should provide information about the company’s management, if known at the time the articles were filed.
Simply registering as an LLC does not authorize a company to do business. In an individual jurisdiction, it may be necessary to obtain other permits to open and run a business, including licenses that allow the business to sell and manufacture products. People interested in starting businesses can usually obtain a new business toolkit from a government office that provides information on the steps needed to legally open and operate a business. Lawyers can also provide assistance with this process.
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