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LLC's > Formation > Flashcards

Formation Flashcards

1
Q

How is an LLC formed?

A

LLC is formed by filing of a “CERTIFICATE OF ORGANIZATION” with the secretary of state

(in some states it’s called “articles of organization”)

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2
Q

How many members must LLC have?

A

LLC must have at least 1 member

Number of members is unlimited

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3
Q

What must be included in the “certificate of organization”?

A
  1. NAME of the LLC (which must indicate that it’s an LLC)
  2. ADDRESS of LLC’s REGISTERED OFFICE
  3. NAME and ADDRESS of LLC’s REGISTERED AGENT
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LLC's (9 decks)

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