Generally, no. However, annual meetings are beneficial to show orderly management.
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Articles of organization
Articles of organization are filed with the state to register a domestic or foreign LLC. -
Operating agreements
Operating agreements govern LLCs but are not filed with the state. They may have annual meeting requirements. Multi-member LLCs with less involved members can benefit. -
Meeting minutes
Meeting minutes provide a permanent record for the company. Although not legally required, keeping minutes is extremely beneficial. An LLC without meetings seems questionable if audited.
Does a single member LLC need resolutions? A single member LLC avoids the need for shareholder meetings but should still keep orderly records. This helps maintain liability protection and credibility with third parties. Although unusual to meet alone, documentation of decisions and transactions seems prudent.
-
Operating agreements
Operating agreements govern LLCs but are not filed with the state. They may have annual meeting requirements. Multi-member LLCs with less involved members can benefit. -
Meeting minutes
Meeting minutes provide a permanent record for the company. An LLC without meetings seems questionable if audited. -
Articles of organization
Articles of organization are filed with the state to register a domestic or foreign LLC. -
Overall a single member LLC is simple and inexpensive with important advantages like liability protection and pass through taxation. It’s efficient and cost effective for small businesses making it a popular choice.