| LLC stands for Limited Liability Company. In reality, they | | | | your articles of organization. |
| are easier to create than corporations and forming | | | | Next, it will be worth your time to create an LLC |
| one may be the best thing you can do for your own | | | | operating agreement. This is an area that can enable |
| business. Forming an LLC is not as difficult as most | | | | you to make money on the Internet presently and in |
| people think. | | | | the future. Even though operating agreements need |
| The first requirement is to choose an available name | | | | not be filed with the LLC filing office. |
| that complies with your state's LLC rules. The name | | | | And rarely are LLC operating agreements required by |
| cannot be the same as the name of another LLC on | | | | state law, however, it is for your benefit. You set out |
| file. It must end with an LLC designator, such as | | | | rules for the ownership and operation of the business, |
| "Limited Company", or L.L.C. or Ltd. | | | | much like a partnership agreement or corporate |
| And the name cannot include certain words such as | | | | bylaws. |
| bank, corporation, city or insurance. | | | | A typical agreement could include: the members' |
| The next step is to file the Articles of Organization. No | | | | percentage interests, their rights and responsibilities, |
| matter the size of your business, most states require, | | | | their voting power, how profits and losses are |
| at a minimum, the following information: your | | | | allocated, how the LLC will be managed, buy-sell |
| organization name and address, the name of your | | | | provisions, and other agreed upon rules. |
| business and the registered agent of the company. | | | | This type of operation can also aid you in making |
| Also, if it is known at the time of filing, they will ask for | | | | money with the Internet by additional tax advantages. |
| the name of the manager and the members of the | | | | You become a completely different entity by acting as |
| LLC. The articles will identify who initiate the | | | | a charter to establish the existence of your LLC in |
| organization process and who are responsible for | | | | your state. |
| signing prior to filing them with the state. | | | | Of personal interest, you can use LLC Maker |
| Articles of organization are short, simple documents. | | | | software from NOLO to create articles of organization |
| You can usually prepare your own by filling in the | | | | and a customized operating agreement for you and |
| blanks on a form provided by your state's filing office. | | | | others in your business that meet all necessary |
| You will also need to pay a filing fee when you submit | | | | requirements. |