Articles Of Organization – Domestic Limited Liability Companies
Domestic Limited Liability Companies should consider the rule that operating agreements are not actually filed with the Nevada Secretary of State, if they are submitted, they might be returned unfiled.
Domestic Limited Liability Companies are required to complete a LLC-1 form, here are some tips which might come in handy.
Complete The LLC-1 Form As Follows
- Mention the proposed name of the limited liability company. The proposed name should include the words LLC, L.L.C or Limited Liability Company. The name may not include any words, which might indicate that the Limited Liability Company is issuing policies of insurance and assuming insurance risks.
- The statement of purpose of the company should also be mentioned and should not be subject to alteration.
- The initially designated address of the office of the limited liability company should be mentioned (P.O box address shouldn’t be used). If the street address isn’t there then the mailing address should be used.
- The name of the agent for service of processes should also be mentioned, the person should be a resident of Nevada. If there is no agent, an active corporation in Nevada, which has filed a certificate abiding to Nevada Corporation Code, should be mentioned. The agent’s complete residential or business address should be mentioned (if there’s no corporation).
- Check one box that would indicate if the limited liability company will be managed by a single manager, more than one manger or all the company members of the LLC.
- The Form LLC-1 is to be signed by each organizer. If there isn’t enough space, attach extra, standard letter-sized one-sided pages papers. All the attachments are considered part of the LLC-1 form.
- If an attorney-in-fact signs the form LLC-1, it should be mentioned in the form.
- If the form LLC-1 is signed by an entity, the person who signs on the behalf of the entity should mention their name, position/title, along with the name of the entity.
- If the form LLC-1 is signed by a trust, the trustee should follow this pattern: Jason Brown, trustee of the Lincoln Family trust (date of the trust).
According to the Nevada Corporations Code, the filing fee for Domestic Limited Liability Corporations (LLC-1) is $70.
Statement Of Information
Within 90 days after filing the form LLC-1, another form, LLC-12 must be filed with the California Secretary of State. It should be filed every two years during the applicable period.
A Domestic Limited Liability Company may not provide professional services in Nevada. Professional services are defined as any type of service that maybe rendered pursuant to a certification or registration authorized by the Business and Professions Code, the Chiropractic Act, the Osteopathic Act or the Yacht and Ship Brokers Act. If the corporation requires to be registered before submitting the LLC-1, it is recommended that the appropriate licensing authority be contacted.