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A Limited Liability Company (“LLC”) offers a flexible business structure and protection from personal liability. LLC’s do not have the same formality requirements of a corporation. However, LLC’s do offer pass-through taxation options as well as optional formalities.
One of the most important elements of a properly formed LLC is the company/operating agreement. The name can vary with different states; however, its importance does not. For instance, in Louisiana, the law does not provide for an inherited or community property interest to automatically become a member of the LLC. Single member LLC’s without a company/operating agreement in Louisiana will not be able to vote to make a new member because the only voting party has passed. LLC’s must have at least one member; thus, the LLC typically fails to properly exist in this example. Our company/operating agreement provides protection for this life event.
LLC’s help protect you from personal liability, add credibility to your business, and ensure the continuation of your business following life changing events.
Single Member LLC. Here, we will perform an available name search with the Secretary of State, file all necessary formation documents with the Secretary of State, and provide you with a company/operating agreement. Additionally, the company/operating agreement will provide for the death of the member so that an inherited membership interest will become a full member automatically, which will ensure the continuation of the LLC.
Multi-Member LLC. Here, we will perform an available name search with the Secretary of State, file all necessary formation documents with the Secretary of State, and provide you with a company/operating agreement. Additionally, the company/operating agreement will provide for the death of a member so that an inherited membership interest will become a full member automatically.
A Registered Agent is designated by the entity to receive any process, notice, or demand required or permitted by law. All States require that a registered agent and office/physical address be registered with the Secretary of State.
Failure to properly register an agent and office may result in involuntary termination of the entity or revocation of a foreign filing entity’s registration to transact business in the State. Liabilities and penalties may be imposed by some States, e.g., in the event that the registered agent did not consent to the appointment.
Registered Agent Service. Here, we will file the appropriate change of registered agent/office with the Secretary of State on behalf of the entity, provide notification of any correspondence received by us for your entity, provide the entity with an Acceptance of Appointment and Consent to Serve as Registered Agent to be kept on file by the entity, provide access to a secure client portal for communication purposes and to digital copies and receipts of all correspondence received by us for your entity.
My experience with Steve and Paul has been top notch! They are highly knowledgeable and make it easy to work with them. They handled my business with the utmost of care. I highly recommend them!
Steve and Paul are a pleasure to work with. They are incredibly knowledgeable and professional. From beginning to end, their digital legal services make the planning process simple and efficient. I would recommend them to anyone!
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