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Written by : Reynaldo Hodo |
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hi i'm dominique broadway financial planner and personal finance coach and i will be discussing does an llc need a business purpose an llc provides full protection for all partners from personal liability for the debts and or actions of the partnership the owners who are also called members must file an articles of organization in their home state which should define the company's business purpose the articles of organization will state the name address members and purpose of the partnership this can be for a limited amount of time and scope or without an end date some states allow general statements for the corporate purpose statement while others expect specific language however most states will require the general purpose clause in the articles of organization this clause would include language such as the purpose of this insert your company name llc is to operate as a corporation legally and lawfully in my state this shows that the llc is willing to comply with all business guidelines tax laws and any other operational regulations as managed by the company's home state i'm dominique broadway and i've just explained does an llc need a business purpose you
Thanks for your comment Ignacio Crump, have a nice day.
- Reynaldo Hodo, Staff Member
so how do you create an organizational purpose statement hi I'm Lisa McLeod and I created the noble purpose and business concept organizations have used this to create competitive differentiation to drive revenue and improve the emotional engagement of their employees so now I want to show you how you create one so what constitutes a great purpose statement well let me tell you what a great purpose statement is not I see these all the time and I see things like our aim is to be the number one provider of end-to-end solutions in the five markets we serve and to provide this type of customer with extra no that's not a purpose statement that's a boring description of your organization here's an example of what I call a noble sales purpose and those three words are really important noble because it is in the service of others sales because it directly relates to what you sell as an organization and then purpose because it's a bigger loftier aim so a good in SP as we refer to it noble sales purpose contains three elements it speaks to how do you make a difference to your customers how do you do it differently than your competition and on your best day what do you love about your job here's an example one of our customers is Flight Center they're the world's largest travel organization and they're noble sales purpose is really simple we care about delivering amazing travel experiences that's it it's really simple that's what they care about they want it to be amazing and they want all their employees to care another one of our clients make some component parts that improve the brakes on railroads and other heavy vehicles they're NSP is we make transportation safer faster and more reliable another one of our clients is all about patient safety they say we improve patient safety it's really simple so if you want to start your organization down the path towards greater success you need an NSP it's really simple how do you make a difference how do you do it differently than your competition and on your best day what do you love about your job if you conduct that exercise with your team you ought to be able to come up with your own NSP and it's not be the number one provider of Indian services in 500 markets that's boring an NSP a noble sales purpose is about how do you affect your customers organizations who have a laser-like focus on that have a North Star enables them to make better decisions they create competitive differentiation and they give their employees something to rally around
Thanks Wilburn your participation is very much appreciated
- Reynaldo Hodo
About the author
I've studied sociology of social movements at Dordt University in Sioux Center and I am an expert in sociology of gender. I usually feel cynical. My previous job was sales representative (hotel furnishings) I held this position for 18 years, I love talking about scrapbooking and boating. Huge fan of Demi Lovato I practice surfing and collect film posters.
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