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Most secretaries of state provide fill-in-the-blank PDF templates to file with the state. Some people use the services of an attorney to draft articles of organization. Articles must be drafted to meet the state requirements to form a LLC. The state fee to file articles of organization to form a traditional LLC range from $40 - $500. [3]
An anonymous limited liability company is an LLC for which ownership information is not made publicly available by the state. [ 45 ] [ 46 ] Anonymity is possible in states that do not require the public disclosure of legal ownership of an LLC, or where an LLC's identified legal owners are another anonymous company.
A series limited liability company, commonly known as a series LLC, protected cell company, segregated account company, or segregated portfolio company, and sometimes abbreviated as SLLC, is a form of a limited liability company that provides liability protection across multiple "series" each of which is theoretically protected from liabilities arising from the other series.
A registered agent is a designated person or entity authorized to receive legal and official documents on behalf of a company or LLC, and can be referred to as "Resident Agent", "Statutory Agent", commercial or noncommercial clerk, [5] [6] or by the Federal Motor Carrier Safety Administration (FMCSA), a "process agent". [7]
A state office, perhaps called the "Division of Corporations" or simply the "Secretary of State", [20] will require the people who wish to incorporate to file "articles of incorporation" (sometimes called a "charter") and pay a fee. The articles of incorporation typically record the corporation's name, if there are any limits to its powers ...
Delaware: Over 60% of Fortune 500 companies and 75% of new corporations every year are incorporated in the state of Delaware due to the state's favorable corporate treatment. [20] The state's unique court, the Court of Chancery, allows corporate disputes to be heard without a jury within a reasonable time compared to non-corporate disputes. [20]
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In Indiana, the secretary of state is responsible for the regulation of auto dealerships. [20] In Iowa, the secretary of state awards the Carrie Chapman Catt Award to every school in Iowa that signs up and registers at least 90 percent of their eligible students to vote. The award is named after the Iowan who was a national leader in the women ...