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Definitions and Terms

Limited Liability Company (LLC)


A legal designation for a business organization that has features of a sole proprietorship, a partnership and a corporation.


Articles of Organization


The Articles of Organization are an outline of the initial statements required to form a limited liability company (LLC) at the state level.  It is a necessary document for setting up an LLC in many U.S. states.


Certificate of Formation


A Certificate of Formation is a document filed with the Secretary of State (or Division of Corporations, depending on the state) to form a limited liability company (LLC).


Registered Agent


A person designated by a corporation or company to receive official documents for the company.


Operating Agreement


A document that customizes the terms of a Limited Liability Company (LLC) according to the specific needs of the owners and outlines the financial and functional decision-making in a structured manner.


Name Availability


A suitable name ready for use.




Persons or companies, including other LLCs, of the LLC.

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