Whois & Analysis for howtostartanllc.com

The articles of organization are a document similar to the articles of incorporation, outlining the initial statements required to form a limited liability company (LLC) in many U.S. states.

Some states refer to articles of organization as a certificate of organization.

Once filed and approved by Secretary of State, or other company registrar, the articles of organization legally create the LLC as a registered business entity within the state.

In United States business law, a registered agent, also known as a resident agent or statutory agent, is a business or individual designated to receive service of process (SOP) when a business entity is a party in a legal action such as a lawsuit or summons.

The registered agent's address may also be where the state sends the paperwork for the periodic renewal of the business entity's charter (if required).

The registered agent for a business entity may be an officer or employee of the company, or a third party, such as the organization's lawyer or a service company.

Failure to properly maintain a registered agent can affect a company negatively.

An operating agreement is an agreement among limited liability company ("LLC") members governing the LLC's business, and members' financial and managerial rights and duties.

Many states in the United States require an LLC to have an operating agreement.

LLCs operating without an operating agreement are governed by the state's default rules contained in the relevant statute and developed through state court decisions.

An operating agreement is similar in function to corporate by-laws, or analogous to a partnership agreement in multi-member LLCs.

In single-member LLCs, an operating agreement is a declaration of the structure that the member has chosen for the company and sometimes used to prove in court that the LLC structure is separate from that of the individual owner and thus necessary so that the owner has documentation to prove that he or she is indeed separate from the entity itself.