Each state has its own, unique requirements for forming an LLC (Limited Liability Company). Understanding Hawaii’s requirements will simplify your LLC formation process.
Naming Your LLC
In Hawaii, the name of every LLC must include one of the following: "Limited Liability Company," "LLC" or "L.L.C." Purely geographical locations and the word "Partners" cannot be used in LLC names. If you wish to use the word "Bank" or a variation of it, you’ll need approval from the Commissioner of Financial Institutions.
Member/Manager information
The following are Hawaii’s requirements for the members and managers of LLCs:
- Minimum number. LLCs must have one or more members.
- Residence requirements. Hawaii does not have a provision specifying where directors must reside.
- Age requirements. Hawaii does not have age requirements.
- Inclusion in the Articles of Organization. If the LLC is member-managed, then the members’ names and addresses must be listed on the Articles of Organization. If the LLC is manager-managed, then the managers’ names and addresses must be listed.
Articles of Organization
In Hawaii, you form an LLC by filing the Articles of Organization with the Department of Commerce and Consumer Affairs, Business Registration Division (BREG) and paying the required fee.
Registered agent
Every LLC must appoint a Registered Agent. The name and address of the Registered Agent must be listed on the Articles of Organization. This must be a physical address in Hawaii—not a post office box—and the agent must be available during normal business hours to accept Service of Process and other important legal and tax documents for the business.
Professional services businesses
Hawaii does not allow professionals, such as accountants, attorneys, and physicians, to form a professional limited liability company (PLLC).