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).
A person designated by a corporation or company to receive official documents for the company.
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.
A suitable name ready for use.
Persons or companies, including other LLCs, of the LLC.