From Start to Finish
State Certificate of Formation
A State Certificate of Formation is a legal document that establishes the existence of a Limited Liability Company (LLC) at the state level in the United States. It is filed with the appropriate state agency, usually, the Secretary of State or a similar department, to formally register and create the LLC. The specific name of the document may vary slightly depending on the state. The State Certificate of Formation is an important document as it establishes the legal existence of the LLC in the respective state. Once filed and approved by the state agency, the LLC is officially recognized, and the owners or members can conduct business activities, enter contracts, open bank accounts, and fulfill other legal obligations on behalf of the company. It is typically prepared and filed by the LLC's organizers or authorized representatives and may require a filing fee, which varies by state. This is why our Bundle varies depending on where your LLC is going to be located.
Operating Agreement
A Limited Liability Company (LLC) operating agreement is a legal document that outlines the internal operations, rights, and responsibilities of the members of an LLC. It serves as a contract among the LLC's members and establishes the rules and procedures for running the business. While not all states legally require an LLC operating agreement, it is highly recommended to have one in place to define the rights and obligations of the LLC members, establish clear procedures, and provide a framework for addressing potential disputes or unforeseen circumstances. It offers a degree of flexibility and protection for the LLC and its members.
Employer Identification Number (EIN)
An Employer Identification Number (EIN) is a unique nine-digit tax identification number issued by the Internal Revenue Service (IRS) in the United States. The EIN is used by businesses to report and fulfill various tax obligations to the IRS, such as filing tax returns, paying income taxes, and remitting payroll taxes for employees. It serves as an identifier for the business entity when dealing with the IRS. Also, banks typically require an EIN when opening a business bank account. It helps identify the business entity and separates its finances from the personal finances of the business owner(s). It's important to note that an EIN is specific to businesses and other entities, such as trusts and estates, for tax purposes. Individuals typically use their Social Security Number (SSN) for personal tax identification.