Articles of Organization Overview
Articles of Organization are legal documents that establish a Limited Liability Company (LLC). They outline the rights, powers, duties, liabilities, and obligations between LLC members.
Filing the Articles
Filing the articles brings the LLC into legal existence as an entity. The process involves completing the state’s form, paying a filing fee, and submitting to the appropriate agency. Typically, articles include the LLC’s name, location, purpose, effective start date, duration, and organizer’s signature.
Importance of Articles of Organization
The articles of organization establish your LLC’s identity and provide details about your business. This document sets up the rights and obligations of the LLC’s members. An LLC offers liability protection, tax advantages, and flexibility ideal for small businesses.
Additional Information
A registered agent receives legal documents on behalf of the LLC. When drafting, carefully consider provisions and state requirements like the name, address, agent, and management structure. Submission to the state agency usually occurs online for faster processing.