Safe Shield is sought by many businesses who desire to cut their liabilities and succeed in their fields. Our service implements a three-step process in order to initiate your business safely and successfully. Through experienced guidance by our business formation experts, you can rest assured that your financial and personal investments will be protected and organized in such a manner that will ensure profitability.
In establishing your LLC, Safe Shield will assist you in the preparation and filing of the Articles of Organization with the respective Secretary of State. In addition, we will search name availability for your LLC. Safe Shield will prepare your Operating Agreement as well as all of the other necessary foundational documents, while also offering a number of other important personalized services that will benefit your company. After the filing of the documents, your LLC will then be recognized as a legitimate business entity by the state.
Selecting a name for your business is the initial step in the proper formation of your Limited Liability Company. The name that you select must bear the words “Limited Liability Company” or the initials “LLC”. If the company is registered in a language other than English, you must use words or initials of the same meaning. It cannot bear any of the following words: “Corporation”, “Incorporated”, “Limited Partnership” or the initials “Corp.”, “Inc. or “LP”. It must never bear any word or group of words that is not allowed by the existing law for the said LLC. Your chosen name must also be distinguishable in the records of the secretary of state from all of the following:
With the help of Safe Shield, you can choose the names you would most like to use. It is also very important to check for the availability of the names first. Safe Shield will search the possible names of your Limited Liability Company before filing. And, after you have chosen a particular name, Safe Shield will assist you in registering the chosen name with the state.
The document must be signed by the organizer of the LLC, as specified in the document. The company will then receive a certified copy of the Articles of Organization, as well as a Certificate of Organization. Once the Articles have been approved by the Secretary of State’s office, the organizer must hold a meeting to appoint the Board of Governors and pass other important resolutions.
When forming a LLC, there are other matters regarding organization that must be followed. The rules that apply are as follows:
A member is essentially an owner or co-owner of the LLC. Any legal entity can become a member by obtaining a share in the LLC at the time of its formation or within the span of time provided in an operating agreement. A member must also be in compliance with any requirements of the Operating Agreement. The member must also include a contribution or subscription agreement for membership that will be included in the LLC records.
Members are also allowed to resign from membership; however there are some restrictions on how this may be done. The Operating Agreement is crucial to define the terms of any possible resignation. Any member has the right to resign from membership when the process is laid out clearly. If there is not a specified process for resignation, the member will not have the right to resign. In some instances, even with an Operating Agreement members may be prohibited from withdrawing based on the agreement, or at the very least be subject to stringent withdrawal guidelines.
It is necessary that all members join to create a legal document called an Operating Agreement that includes all terms of any agreement. The document can be revised or changed at will if it is done so in writing with the agreement of all members. However, all changes must comply with all state laws.
There are other requirements concerning membership, minimum numbers, requirements for eligibility, and the actual process of securing membership in which Safe Shield will assist. Safe Shield will ensure all requirements are met and make it simple for the LLC to be established and operate successfully.
In the matter of member contributions to the LLC, any member may contribute cash, property, services, promissory notes, or some other binding promise to provide cash, property, or other good and valuable considerations, or to render any services.
Safe Shield can help provide your LLC with a Registered Agent. While a Registered Agent is not required, it is important that all LCCs have an agent duly registered with the state. This agent is the individual authorized to receive letters, correspondence, and notices coming from the state including court documents.
Safe Shield is also pleased to inform you about any continuing obligations set by the respective state. This would include information about all required record keeping according to state law.
The state requires certain records to be kept that are available for inspection at the Registered Office of the LLC. The records must include:
To learn more about how Safe Shield can aid you with Business Formation, Ongoing Management Compliance, or any of the other services that we provide, we encourage you to schedule a phone call with one of our experts!