LLC Registration

Posted on Wednesday 15 July 2009

An LLC or a limited liability company is one that shares most of the benefits of a corporation. This is a new type of business being introduced in the United States. An LLC often exists as a separate entity, where members cannot be held personally liable for debts unless they have already signed a personal assurance agreement. As the name suggests, this type of business affords limited liability to its owners. It is also referred to as a hybrid business holding certain characteristics of both corporation and partnership. To form a limited liability company in the United States you need to register its name, business purpose, office address, board members, and stocks to the state government. The required procedures to register an LLC are as follows:

Choosing a unique name
To register your LLC as a legal business entity, the first thing you need to do is to choose a name for your corporation that would be a unique one. The name of your business cannot be the same as that of another LLC on file with the respective stateâ€™s LLC office. To obtain an LLC designator, the name has to be registered with the Secretary of Stateâ€™s office. The officials check the availability of the name and allow you to reserve the name at a minimal cost.

Filing articles of organization
Articles of organization are also an essential part to registering your corporation and establishing it as a legal entity. These articles of organization are filed with the states LLC filing office and embody details like the firmâ€™s legal name, the registered office address, the names of all the board members, stock holding assets etc.
Registering LLC operating agreement

The LLC operating agreement is submitted to the LLC filing office to continue the process. This operating agreement has rules necessary for the operation of the business as well as to handle the ownership. This is quite similar to the bylaws of a partnership or corporate business. A typical operating agreement should include details such as the percentage interest of each member of the corporation, the responsibilities and rights of the respective members, and also adequate information on the internal voting process.

Selecting a registering agent
The task of registering an LLC is not so simple. So, it is advisable to choose an appropriate registering agent to prepare the paper work and handle the registration process Also there are opportunities to get online assistance in registering your LLC on the global websites available on the internet. The fees for these registering agents can range from $50 to $250 depending on the number and type of documents they have to prepare.