This Limited Liability Company LLC Formation Package includes Step by Step Instructions, Articles of Formation, Operating Agreement, Resolutions and other forms for formation of a Limited Liability Company in the State of Maine.
This Limited Liability Company LLC Formation Package includes Step by Step Instructions, Articles of Formation, Operating Agreement, Resolutions and other forms for formation of a Limited Liability Company in the State of Maine.
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The President is essentially the highest ranking manager in the LLC. The Operating Agreement typically gives the President general management powers of the business of the LLC, as well as full power to open bank accounts. Other titles of LLC officers and managers are Secretary and Treasurer for example.
An LLC operating agreement is a legal document that outlines the ownership structure and member roles of an LLC. Although most states don't officially require you to have an operating agreement, it's still a good idea to create one when forming an LLC.
Choose a name for your LLC. File Articles of Organization. Choose a registered agent. Decide on member vs. manager management. Create an LLC operating agreement. Comply with other tax and regulatory requirements. File annual reports. Out of state LLC registration.
In addition to "president" and "CEO," common titles used by LLC chief executives are "principal," "founder," "consultant" and "owner." Along with being correct and true, these titles accurately represent your position in the company.
Who Should Form an LLC? Any person starting a business, or currently running a business as a sole proprietor, should consider forming an LLC. This is especially true if you're concerned with limiting your personal legal liability as much as possible. LLCs can be used to own and run almost any type of business.
LLCs are formed by filing articles of organization with the secretary of state's office.Depending on the state, the filing fee varies, and the articles of organization may be referred to as a different name, like the certificate of formation.
Business Name. Your LLC must have a name that is unique and is not the same or confusingly similar to another business. Registered Agent. Operating Agreement. Articles of Organization. Business Licenses and Permits. Statement of Information Form. Tax Forms.
How much does it cost to form an LLC in Maine? The Maine Secretary of State charges a $175 fee to file the Certificate of Formation. You can reserve your LLC name with the Maine Secretary of State for $20.
To customize your small business. To protect real estate assets. To shield intellectual property. To raise seed capital for your business. To plan your estate. To do a short-term project. To segregate assets. To minimize your tax burden.