What does an LLC form look like [With Tutorial]

Last updated : Sept 25, 2022
Written by : Rosena Bech
Current current readers : 7604
Write a comment

What does an LLC form look like

What are the 3 types of LLC?

  • Single-member LLC for the sole-proprietorship (solo entrepreneur)
  • Multi-member LLC (member-managed LLC or manager-member LLC)
  • Domestic LLC and Foreign LLC.
  • Series LLC.
  • L3C Company (low-profit LLC)
  • Anonymous LLC.
  • Restricted LLC.
  • PLLC and LLC.

What should I put as the purpose for my LLC?

Most states do not require you to be specific about the purpose of your LLC. Instead, a statement such as "The purpose of the Limited Liability Company is to engage in any lawful activity for which a Limited Liability Company may be organized in this state" is usually sufficient.

How do I form an LLC in Arizona?

  1. Name Your Arizona LLC.
  2. Choose Your Statutory Agent.
  3. Prepare and File Articles of Organization.
  4. Receive a Certificate From the State.
  5. Create an Operating Agreement.
  6. Complete Publication Requirements.
  7. Get an Employer Identification Number.

What is an LLC 12 form?

Form LLC-12 helps the state to track changes in addresses, agents, managers, and members of Limited Liability Companies. The form, formerly called LLC-12R, is also known as the Statement of Information, or SOI, form. The California Secretary of State requires all LLCs to submit this form every two years.

How much does an LLC cost?

You can file the LLC filing documents online, by mail, or in-person when visiting the local SOS office. The filing costs usually vary from $50 to $150 which is a single-time fee. If you plan to form your company in another state, then you might have to provide additional documentation and pay a higher formation fee.

What type of LLC is best?

  • Company transactions.
  • Taxes.
  • Debts the business owes.

Who has the most power in an LLC?

In a member-managed LLC, the owners have collective control over company decisions. A manager-managed LLC places management authority in the hands of a professional manager or one or more elected members.

How do you answer a purpose statement for an LLC example?

“The purpose of Business Name LLC, is to operate and conduct all lawful business activities legally permitted in the state of A.” “The purpose for which XYZ, LLC, is formed is for the transaction of any and all lawful purposes for which a limited liability company may be organized under the laws of the state of A.”

What are examples of purpose statements?

Purpose statement examples Example 1: "Our purpose is to inspire every family in the world to enjoy Sunday dinner together." Example 2: "Our purpose is to support the health and well-being of our planet and everyone who lives here."

How much does an LLC cost in AZ?

The initial cost to start an LLC in Arizona is $50. This is the fee required to file your Articles of Organization with the state. There are other potential fees associated with starting your LLC, but the cost to file is $50.

How long does it take to set up an LLC in Arizona?

Though processing times vary depending on the number of pending applications, it generally takes a little under two months to process an LLC registration in Arizona. Most applicants report the process takes 50 – 55 days. If time is of the essence, you can pay an additional fee for expedited processing.

Does a single member LLC need an EIN?

An LLC will need an EIN if it has any employees or if it will be required to file any of the excise tax forms listed below. Most new single-member LLCs classified as disregarded entities will need to obtain an EIN. An LLC applies for an EIN by filing Form SS-4, Application for Employer Identification Number.

What is the difference between LLC 1 and LLC-12?

Form LLC-12, Statement of Information, is used in the State of California by LLCs after they complete form LLC-1. After the LLC-1 is filed, the business has 90 days to file their first LLC-12. After that, this form must be resubmitted every two years.

How often do I file LLC-12?

This form is due within 90 days of initial registration and every two years thereafter.

How do I fill out a LLC-12?

  1. The LLC's exact legal name.
  2. The 12-digit LLC file number.
  3. The state where the LLC was originally formed if applicable.
  4. Business addresses.
  5. Managers/members and their addresses.
  6. The registered agent, who must reside in California, and his or her address.

Do I have to pay a monthly fee for an LLC?

A one-time fee paid to the state is called the filing fee of LLC. This is not a monthly fee. No state has a monthly LLC fee system.

What are the benefits of an LLC?

  • Personal liability protection. One of the primary benefits of forming an LLC is that it separates your personal assets from the business.
  • Inexpensive and relatively easy to form.
  • Flexible taxation.
  • Ownership and management flexibility.
  • Appropriate for individuals.

What is the purpose of an LLC?

A Limited liability company (LLC) is a business structure that offers limited liability protection and pass-through taxation. As with corporations, the LLC legally exists as a separate entity from its owners. Therefore, owners cannot typically be held personally responsible for the business debts and liabilities.

Do LLCs pay taxes?

An LLC does not pay income taxes; rather, income is passed to the LLC's members, and they report and pay tax. Even though an LLC does not pay tax itself, it still must report its income to the IRS using an "information" return.

How do I become an LLC?

To establish your LLC as a legal entity, you'll file a document with the state agency that handles business filings in your state. In most states, this document is called the articles of organization, but some states use a different name, such as a certificate of formation. Each state has a form you can use.

more content related articles
Check these related keywords for more interesting articles :
What should i know about LLC corporations in colorado
Should i start an LLC to sell on amazon
Do llc pay unemployment taxes in idaho
Sample bylaws for LLC
Can a not for profit own an llc
How much does it cost to get a llc in alabama
When forming an LLC what is a registered agent
How to form a single member llc in pennsylvania
Tax rate for LLC income
How do you pay yourself from LLC to s
Nevada LLC tax return
How to look up llc status
LLC employeeworker bond
Oregon LLC yearly fee
Benefits of real estate llc

Did you find this article relevant to what you were looking for?

Write a comment

What does an LLC form look like

Comment by Edmond Arenales

business hotel

Thanks for your comment Edmond Arenales, have a nice day.
- Rosena Bech, Staff Member

Comment by Jaime

in order to form your LLC you must file LLC formation documents and pay a filing fee to your state LLC formation documents are the state specific forms that officially create your LLC these documents are often referred to as articles of organization certificate of organization or certificate of formation some states also require additional documents in order to create your LLC before preparing your LLC Probation documents you need to have two things completed first you'll need to have chosen a name for your LLC your desired LLC name cannot be in use by an already existing company you can determine your names availability by checking your state's name database second make sure that you've chosen a registered agent for your LLC or that you've hired a commercial registered agent your LLC formation documents will contain your LLC's name your office address your effective date and your registered agent information many states also require additional information to be filed with your LLC formation documents since the LLC formation documents are state specific we needed to create 50 individual lessons that walk through how to file them step-by-step for each state these video lessons are available inside the LLC formation course and customized to the requirements of your state generally there are two ways you can file your LLC formation documents with your state you can send your LLC information documents by mail or you can fill out your LLC formation documents online and submit them electronically the state will charge a one-time fee in order to form your LLC there are no monthly fees to form an LLC these fees vary by state and you can find them listed either below this video or on our website if you send your LLC formation documents by mail you'll pay a state filing fee with a check or money order if you fill out your LLC formation documents online and submit them electronically you'll pay your state filing fee with a debit or credit card once you submit your LLC formation documents along with the filing fee the state will review and process your documents if there are any issues with your filing the state will notify you and then tell you what Corrections need to be made if you filed by mail and there are no issues on average your LLC will be approved in one to two weeks if you filed online and there are no issues again on average your LLC will be approved in under one week depending on your state you'll receive back a stamped and approved copy of your LLC formation documents which confirms your LLC is now a legally formed business in the state on your requirements once your LLC is formed paperwork with the state is not over as a part of the ongoing requirements for your LLC most states require that you file an annual report or similar document and pay a recurring fee usually once per year also you'll be required to file state taxes every year you can find detailed lessons on these items on our website so you may be asking where do I get the LLC formation documents you have a few options you can pay an attorney 200 to $500 per hour try Martindale comm or lawyers com you can pay a website to get the forms like Legal Zoom calm or corpnet calm you can download them from your state's website there are too many links to mention here or you can get the forms from us and fill them out with a step-by-step video one important thing to know make sure that you also get an operating agreement and your federal tax ID number no matter what option you choose these are not available on state websites also if you want to download the forms from your state the links are available on our website

Thanks Jaime your participation is very much appreciated
- Rosena Bech

About the author