Corporations & LLCs

Many individuals either desire to own their own company or may be involved in a small or medium sized business.  Often these businesses are organized into a corporation or limited liability company/LLC.  The general purpose of these business organizations is to specify the legal relationship (for example: sharing of profits and losses, tax liability, buyout or sale of ownership interest), and responsibilities/management between multiple owners of the same business.  Serious issues and risks are often involved, such that these business entities need to be carefully drafted.  All business organizations registered with any State are required to have a Registered Agent and to file annual reports.

 

 

 

Some common Business organization documents:

Corporations

  • Articles of Incorporation, including amendments
  • Certificate of Good Standing
  • Shareholder Agreement
  • Management Agreement
  • Corporate Resolutions – Board of Directors or Shareholder

 

Limited Liability Companies (LLC)

  • Articles of Organization (LLC)
  • Operating Agreement
  • LLC Resolutions
  • Certificate of Good Standing

 

All business organizations enter into contracts just like an individual, and may purchase or lease real estate.