Guam PLLC Operating Statement

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Multi-State
Control #:
US-0666-WG
Format:
Word; 
Rich Text
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PLLC Operating Statement
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FAQ

Under the default rules, every member of the LLC is an agent of the LLC and can conduct business on behalf of the LLC. In other words, each member has the authority to bind the LLC in ordinary business transactions, whether or not the member has the consent of the other members. See OCGA §14-11-301.

An operating agreement is a legal contract used to distinguish an LLC as a separate entity from its members. Limited liability companies can use these contracts to define the rights, duties, and obligations members have to the business and determine the company's property interests.

No, your Operating Agreement doesn't need to be notarized. Each Member just needs to sign it. Once you (and the other LLC Members, if applicable) sign the Operating Agreement, then it becomes a legal document.

Guam LLC Cost. The main cost of starting a Guam LLC is the $250 fee to register with the Department of Revenue and Taxation. You'll also have a yearly fee of $100 to file your Guam Sworn Annual Report, which keeps your business up-to-date and legally authorized to do business in Guam.

Delaware does NOT require an operating agreement. However, it is highly recommended to have a LLC operating agreement even if you are only a single member LLC. The state of Delaware recognizes operating agreements and governing documents.

Your business name must include the words Limited Liability Company, LLC, or L.L.C. Your name must be different from an existing business in the state. You can do a search on the Secretary of State's website to determine if a particular business name is in use. For name availability in Georgia, check this link.

No, your Operating Agreement doesn't need to be notarized. Each Member just needs to sign it. Once you (and the other LLC Members, if applicable) sign the Operating Agreement, then it becomes a legal document.

You should make sure you have an operating agreement for your PLLC. (Unlike most other states, Texas statutes refer to this document as a "company agreement.") Unlike professional licenses, articles of organization, naming restrictions, and service restrictions, this is not a state requirement.

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Guam PLLC Operating Statement