Membership certificates are documents LLCs use to note individual members’ ownership in the company (much like how a corporation issues stock certificates to shareholders). We offer a free template for
An LLC resolution to open a business bank account is a document that clearly shows the bank who has the authority to start an account on behalf of a limited
Capital contributions are the money or other assets members give to the LLC in exchange for ownership interest. Members fund the LLC with initial capital contributions—these are usually recorded in
An LLC can hold an annual meeting to go over its activities from the past year and review its annual financial report. LLC annual meeting minutes record these activities, note
A multi-member LLC (also called a “member-managed LLC”) is a limited liability company that has more than one owner but no managers. Instead, owners run the day-to-day operations of the
A manager-managed LLC is a limited liability company in which one or more managers run the day-to-day operations of the business while the members take a more passive role. A
A single member LLC operating agreement puts key information about your LLC in writing. Many websites trying to sell you LLC forms and services will tell you that if you
Guam LLC Articles of Organization are filed with the Department of Revenue and Taxation’s Business License Branch to form a limited liability company. The filing fee is $250, but the
An LLC operating agreement is the legal document that governs your limited liability company. Articles of Organization do NOT govern your LLC
Articles of Organization must be filed with the state to form a limited liability company.