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hi this is Lee Phillips I'm an attorney don't hold that against me I want to talk to you for a minute about the Articles of Incorporation if your corporation or the articles of organization or the certificate or organization or whatever your state calls this thing these are the papers that you file to create the corporation or to create the LLC you file them with a state actually the corporations and LLC's are creations of the state it's your state that's giving you permission to operate under these rules in order to have your company give you a limited liability for example and taxes structures and all that stuff so you have to have the proper Articles of Incorporation and articles of organization and you need to read them and understand them now if you go to the lawyer a lot of the lawyers will give you four or five six pages of these things the Articles of Incorporation no no no no no the states require a very minimal amount of information in order to set up the corporation of the LLC in the old days the states used to require that you have a thousand or two thousand or five thousand dollars in the bank account of the company well that's you that's not a requirement anywhere any more that I'm aware of anyway so these renewals and regulations associated with the Articles of Incorporation or the articles of organization have been parried back a lot you will actually file the Articles incorporation the articles of organization on the state website they're going to ask you a few questions the name of the company the address of the company and you have to have a registered agent in the state so they need the registered agents address and phone number and all that stuff that has to be a physical person within the state that they could get ahold of that the sheriff can come and give a lawsuit to so you need a physical person if you don't have anybody in the state where you're incorporating or forming you LLC there are lots of guys that will be more than happy to take your money and act as your registered agent so in that list the registered agent you list the home office you list this sort of stuff don't give any more information to the state than is required at a minimum because that's public information anybody can see what you filed in order to create your corporation or your LLC now you're going to have a rule book that's going to be a lot longer than the Articles of Incorporation or the articles of organization and that rule book is going to tell you how you're going to operate the company a corporation that's called bylaws in the LLC it's called the operating agreement we'll talk about those in another one of these YouTube series but for now make sure that you understand what each thing that they're asking is and that you supply the proper answers on the Articles of Incorporation or the articles of organization and make sure you don't give them any more information than is actually required there they're going to often ask what's the nature of the business and you're going to say it's a retail business or it's a consulting business or it's you can make that pretty broad and you probably ought to some attorneys say well just say any lawful activity now that will come back to bite you sometimes I've seen it happen in a number of court cases state that this is real estate investing company state that its consulting company or a chemistry laboratory or whatever it is and that's usually in the Articles of Incorporation or the articles of organization as well so the first step is understand what is required by the state give them the minimum amount up and then you have to pay your fees of course and you file your papers with this day and that makes you a company in the States eyes now that doesn't mean that you're going to get the limited liability it doesn't mean you're going to get the tax structure you want it doesn't mean anything it just means that you now have a company with the state and in one of my twenty-seven formalities that I go through on corporations and LLC's one of the first ones is let's make sure we understand what's in the Articles of Incorporation or the articles of organization
Thanks for your comment Jerri Slaven, have a nice day.
- Danny Serr, Staff Member
laws dot-com legal forms guide articles of organization LLC sample this form is only a sample and cannot be filed in this form applicants should hire an attorney to help with the form and all forms need filed electronically with the Secretary of State only use this form if you're forming an LLC step 1 provide the name of the limited liability company in part 1 of this form the name of the company needs to include the phrase limited liability company Ltd period liability company limited liability Co period Ltd period liability Co period limited L period L period C period LLC period or Ltd period regards section 7 - 906 o1 CRS for more information step 2 provide the principal address for the limited liability company in part 2 if the mailing address is different from the street address provide the mailing address as well if the mailing address is the same leave the section blank step 3 provide the name of the registered agent in part 3 if the registered agent is an entity leave the first section blank and provide the name of the entity on the second line provide the street address for the registered agent if the mailing address is different provide the mailing address as well make sure to check the box in part 3 as well the Box States the registered agent has agreed to such a position step 4 provide the name of the person or entity forming the limited liability company in part 4 provide the mailing address for the person or entity as well if the limited liability is being formed by more than one person check the box in part 4 and provide an attachment with their information step 5 make sure to check a box in part 5 if the management of the LLC is controlled by one or more managers check the first box if the management is vested in the members check the second box check the box in part 6 if additional sheets are attached to this form check the box in seven step 6 if the effective date of this form needs delayed provide a date in part 8 otherwise leave the link blank provide the name and address of the person responsible for delivering this form in part 9 to watch more videos please make sure to visit long dot-com
Thanks glavarinuw your participation is very much appreciated
- Danny Serr
About the author
I've studied biochemical engineering at St. Edward's University in Austin and I am an expert in higher education. I usually feel weird. My previous job was music arrangers and orchestrators I held this position for 24 years, I love talking about cleaning and amateur radio. Huge fan of Edie Falco I practice artistic swimming and collect coca-cola.
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