Article Of Organization
The Article of Organization is a document required to set up an LLC in the United States. There is a form specified for the Article of Organization in most States of the US. In some States, which include Maryland and North Dakota, there is no prescribed form available. It is recommended that if you want to use any of these forms, you use them as they come. Do not try to make any changes to their contents. You might miss some important information and mess up the entire article of organization.
A lot of people get stuck when it comes to information that is required to be included in the article of organization. Generally, you have to provide information about the company itself. Other important areas to be covered include: Information about the registered agent: The registered agent is the person designated by the company to receive all legal correspondence. The name and address of the registered agent has to be provided, so that all official communications may also be sent to that person in addition to that sent to the registered address of the company mentioned in the article of incorporation of the company. The name and address of the registered agent of the company has to be also provided, so that if the company is sued in a court of law by any person or organization, their notices can also be sent to the registered agent. Organizer of the LLC: The organizer of LLC is the person who takes oath as to the accuracy of information provided in the article of organization. Although this is not mandatory, in most cases, the organizer of LLC is one of the owners of the LLC, and who is required to file the article of organization of the company. It must be noticed that the organizer of the LLC does not need to attend any office, nor can he be penalized for not attending any office. The oath by the organizer of the LLC only acts as a testimony of the accuracy of information provided in the article of organization. Information about the period of existence of LLC (in years): A period has to be defined about how long the LLC will exist. The actual number of years is defined in rare cases. Most articles of organization carry the word 'perpetual' to mean that the company would remain an LLC as long as possible. Information about the managers of the LLC: Every LLC needs to have some management architecture in order to direct and control the working of the LLC. Generally, as per what is mentioned in the article of organization of the LLC, the members of the LLC define some out of them as managers. In some cases, third party managers may also be appointed, but this needs to be mentioned in the article of organization of the LLC. These managers oversee the day to day operation of the LLC. When the article of organization is filed, it is required to get the article of organization form from the concerned office or use any template available from the legal books stores of websites. States such as Arkansas also allow you to file the article of organization online. If you have this facility available in your State, this is the best way to file the article of organization. |