Limited Liability Company Archives

17 08 '20

Amend Articles of Organization

If you want to amend your articles of organization, you’re in luck. The process is actually quite easy! Amendment of Articles of Organization Law If you want to read the law regarding articles of organization, you’ll want to start with NCGS §§ 57D-2-21 & 22. Why Would You Want to Amend Your Articles of Organization?…

10 08 '20

What Are Articles Of Organization?

Articles of Organization is the legal document you file to form an LLC. There are only a few requirements to make them legal. If you file the articles with the Secretary of State, and it contains all the proper information, you’ll get yourself an LLC. Of course, you’ll also have to pay the filing fee!…

29 09 '16

Difference Between DBA and LLC

I’ve received this question many times: What is the difference between filing a “Doing Business As” (DBA) and filing for an LLC besides the fact that the DBA is cheaper? Long story short: Everything, but let’s start by examining what these two things are. DBA You may have heard DBAs referred to as a “Doing Business…

05 11 '15

Treatment of Startup Funds: LLC vs Corp

Sometimes a small concept can make a huge difference. Because of the difference between Limited Liability Companies (LLCs) and Corporations, the money you put in to start them is treated in very different ways. Overview of Corporations A corporation is a distinct legal entity from the owners. It was created to separate management from ownership…

16 02 '15

5 Important Considerations for an Operating Agreement

Operating Agreements are the governing documents for Limited Liability Companies. They are where you would specify the rights and responsibilities of the members of the company and how you want the company to be run. This is one of the most important documents you will have for your LLC, and a crucial one when there…

02 02 '15

7 Top Membership Considerations in Operating Agreements

There are countless considerations that must go into designing the perfect operating agreement for your business, but there are a few that stand above the rest in importance. Operating Agreements Operating Agreements are the governing documents for Limited Liability Companies. They are where you would specify the rights and responsibilities of the members of the…

31 12 '13

What’s In An Operating Agreement

First off, an Operating Agreement is the controlling document for the members of a Limited Liability Company (LLC). The instructions contained within the Operating Agreement determine how the business is run, how much earnings a member gets, what rights and responsibilities the members have, and much more. This article will only outline the most common…

Tag: Limited Liability Company