How To Create LLC Formation Documents in the Blink of an Eye
Are you planning to start a limited liability company (LLC) but don’t get the process of creating and submitting LLC formation documents? Don’t worry because DoNotPay has the answers!
In this text, we provide all the information you need to create and file LLC formation documents. You can also discover how to write contracts and other legal documents and learn more about contract templates by !
What Is an LLC?
An LLC or a limited liability company is a business structure protecting the owners from any personal liabilities. If anything goes wrong, the company will be held accountable instead of the individuals owning it.
What Are LLC Formation Documents?
LLC formation documents are forms that the business founders file with the state government to establish a company.
Every state has a different set of required forms. You should check your state government’s official website to figure out the requirements.
Different states have different names for LLC formation documents, but the common ones are:
- Certificate of organization
- Certificate of formation
Details of LLC Formation Documents
There are several LLC formation documents necessary to create a company, including:
- Articles of organization
- Operating agreement
- Employee identification number
- Business licenses
Articles of Organization
Before starting an LLC, you must collect the following information to include in the Articles of organization:
|Duration of LLC||Some states require you to mention the duration of your company and set limits on it (usually decades)|
|Effective date||The effective date of company formation|
The purpose of the operating agreement is to establish the duties and responsibilities of all LLC members. The main points in the arrangement are as follows:
- Ownership of key business decisions
- Member’s percentage of ownership
- Profit and loss percentage
- How to add or remove members
- Voting rights
- Conflict resolution
- Termination of the LLC
All members must sign the document to ensure its validity.
Although this document is not mandated by law, you should still create it to establish your company’s governance and compliance policies.
Employee Identification Number
Every business should have an Employee Identification Number (EIN) used in business-related documentation and mandatory for opening a business bank account. Consult an attorney and fill out IRS Form SS-4 to get an EIN.
Based on the nature of your business, you will need business licenses, such as:
- Home occupancy permit
- Permits for the alarm system and elevators
- License for specific industries like architecture
How To File LLC Formation Documents
There are two ways to submit your formation documents:
- Send the documents via mail
- Submit them online
You should submit your documents to the Secretary of State where your business is located. If you’re operating in Arizona, Florida, or New Jersey, you will need to file your documents with a designated state agency and not the Secretary of State.
LLC Formation Fee
The LLC formation fee is a one-time expense and varies from state to state. You are required to send the fee, by check or money order, with your formation documents to the state government. If you’re submitting your documents online, you can pay with your debit or credit card.
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Creating LLC formations documents can be a daunting task. Consulting an attorney to create a contract is your safest bet, but attorney fees can be ridiculously high. Why break your bank when DoNotPay can be your hero? For a small monthly fee, we can generate an LLC operating agreement for you and make the LLC formation process a little easier.
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We will draw up the document for you! All you need to do is download, print, and sign it.
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