The LLC operating agreement defines how the company is run. It covers the crucial areas of management authority, voting rights, allocation of profits, losses and tax items, withdrawal or admitting of members and events triggering a dissolution. Absent an operating agreement, the LLC is governed by the default state rules, which seldom represent what the members would prefer.

Forming a limited liability company requires filing articles of organization with the state where the LLC will be formed. The articles of organization set forth basic facts about the company and appoint a registered agent. The LLC comes into being when the state accepts the articles of organization.

Why do businesses incorporate? Find out.

Incorporating in Nevada? Know about Articles of Incorporation, the words your business name could need, director requirements and more.

Many companies chose to incorporate in Delaware because of its business friendly laws. Learn more about the Delaware's incorporation requirements.

Incorporating a business includes pre-incorporation planning, filing Articles of Incorporation, designating a registered agent, and post-filing actions. Learn more.

Incorporating in Virginia requires filing articles of incorporation that set forth the name and registered agent for the corporation, as well at the number of shares authorized and the names and addresses of the initial directors.

Illinois standards include corporate director requirements, standards for your corporation’s name, the information in your Articles of Incorporation, and more.

Each state has its own standards about forming a corporation. As a business owner, it’s good to know the standards. This is true whether you’re starting a business or incorporating a business already in existence.

Every state has its own standards about incorporating a business. As a business owner, it’s good to know the standards. This is true whether you’re incorporating a business already in existence or you’re starting a business.