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Along with official records filed with the state, an Operating Agreement for the LLC should be on file at all times.

Here at DoMyLLC, our trained LLC specialists understand the needs of small businesses and are dedicated to providing excellent customer service. Incorporating with DoMyLLC takes 15 minutes of your time. Simply place an order and provide a signature if needed. We make it that easy to DO.

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Have Questions? Speak with a DoMyLLC specialist at (888)-DoMyLLC (366-9552).

Just like bylaws an “Operating Agreement” is a document drafted by the members of the LLC. Operating Agreements generally outline:

  • The rules and regulations as to how an LLC may or may not transact business.
  • How to add or remove a members.
  • How to elect officers.
  • Power and duties of officers.
  • Location and time of annual meetings (should the LLC decide to hold annual meetings).

Unlike corporations, LLCs are not required to have an Operating Agreement, hold meetings or document meeting minutes however, it is strongly recommended that they do.

The “Operating Agreement” is for internal purposes only. They are not something required to be filed with the Secretary of State.

What is an operating agreement?

Just like bylaws of a Corporation, an Operating Agreement is a document drafted by the members of the LLC. It outlines the rules and regulations of the company.

Are LLC’s required to have an operating agreement?

Unlike corporations, LLC’s are not required to have an Operating Agreement. However, it is highly recommended that they do especially with multiple members.

Are LLC’s required to hold meetings and take meeting minutes?

LLC’s are not required to hold meetings, however, they are not restricted from holding meetings and taking minutes.

What is a Board of Directors?

The Board of Directors are appointed by the shareholders. The directors jointly oversee the activities of the company. It is the responsibility of the board members to carry out the orders of the shareholders. In most small corporations the Board of Directors are also the shareholders.

Who are officers in a Corporation?

Officers are responsible for running the day to day activities of a corporation. Officers are generally appointed by the board directors. Although many different officer positions may be appointed, there are three main officers in a corporation:

  • President – Is the top executive in the company. They are responsible for the overall management of the company and ensure the duties set forth by the Board of Directors are carried out.
  • Secretary – Is generally responsible for maintaining all corporate records and documents.
  • Treasurer – Is the chief financial officer of the company and is responsible for all corporate finances and bank accounts.

What is a Registered Agent?

A Registered Agent is a person or authorized entity, who can accept legal documents and notifications from a government office on behalf of an LLC. All LLCs must designate a person or entity to act as their registered agent. The agent can be anyone in the state as long as they are at a physical location and available during normal business hours. Our office includes this service in our package in order to ensure proper state requirements are met. For more information on our registered agent services please click here.

What is the process once you complete an order?

  • Review & Processing – Your order will be reviewed and processed by one of our document filing specialists.
  • Signature – Documents need to be signed.
  • State Approval – the documents will be sent to the state for approval.
  • Completion – Once we receive the final paperwork back from the state, we complete your order and send the final documents for your records.

What will I receive in my package?

All standard packages include the following:

  • Filed Articles of Incorporation
  • Customized Bylaws
  • Minutes for Meeting
  • Stock Certificates
  • Registered Agent Service for 1 year
  • Document Storage
  • Compliance Reminders & Tips

What is required once the Corporation paperwork is completed?

Most states require that a Corporation file an annual report with the state and pay a filing fee. The company is also required to file taxes just like an individual. Our office can assist with the annual report filing, however, we are unable to assist with taxes (speak with a CPA or tax professional).

How do I file taxes for a Corporation?

The best way to find out about taxation questions for your business would be to speak with an accountant. Here at DoMyLLC we specialize in prepare state paperwork and are not qualified to answer specific tax questions. .

Comparison Chart– Compare all entity types to determine the proper structure for your business.

Tax Savings Calculator – See how much in taxes can potentially be saved when filing for S Corporation status.

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For more information on how we can help obtain an operating agreement for your business please call our office toll free at (888)-DoMyLLC (366-9552). ORDER NOW!