{"id":101787,"date":"2023-02-26T23:06:25","date_gmt":"2023-02-26T23:06:25","guid":{"rendered":"https:\/\/businessyield.com\/?p=101787"},"modified":"2023-02-26T23:06:29","modified_gmt":"2023-02-26T23:06:29","slug":"what-are-articles-of-organization","status":"publish","type":"post","link":"https:\/\/businessyield.com\/bs-business\/what-are-articles-of-organization\/","title":{"rendered":"WHAT ARE ARTICLES OF ORGANIZATION? Detailed Overview","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n

To form an LLC, you must first draft articles of organization. This simple document contains basic information about your LLC, such as the name of your company and its purpose. To formalize your LLC, file it with the appropriate state office. The way states refer to the document and the office where you will file it varies by state. This guide covers what LLC articles of organization are, how to file them, and some information you should know to make your LLC official. <\/p>\n\n\n\n

What is in an Article of Organization?<\/span><\/h2>\n\n\n\n

Articles of incorporation, also known as certificates of incorporation, are documents that establish the existence of a corporation. You must file articles of organization with the state and pay a filing fee to form a limited liability company (LLC).<\/p>\n\n\n\n

The information required varies, but the essentials include information about your incorporators and board of directors, business contact information, the purpose of your LLC, and signatures. Fees vary by state, but you shouldn’t have to pay more than $200 to file unless you need to make any changes.<\/p>\n\n\n\n

Limited-liability firms are a common choice for small-business owners. An LLC is simple to set up and offers numerous benefits, including tax flexibility and liability protection for the owners. To form an LLC, you must file articles of incorporation with the state business filing agency where your business is located. Yet, there are a few things you need to do before and after filing your articles of incorporation. Articles of incorporation are only the first step in founding your company.<\/p>\n\n\n\n

Why are Articles of Organization Needed?<\/h2>\n\n\n\n

An LLC has a separate legal identity from its owners. An LLC has the authority to sue and be sued, to hold assets, to open bank accounts, to execute contracts, and to incur debt. Running your company as an LLC provides various benefits. Members\/owners, for example, have limited liability and are not individually liable for the company’s actions\/debts. LLCs also have tax advantages that other types of enterprises do not have.<\/p>\n\n\n\n

However, an LLC does not have legal existence until the articles of organization are filed and approved by the state. The articles make the existence, name, and contact information of the LLC public. They also tell you where to mail lawsuits and legal notices affecting the corporation.<\/p>\n\n\n\n

What\u2019s Included in the Articles of Organization<\/h2>\n\n\n\n

Articles of organization are normally brief formation documents of no more than a handful of pages in length. Although the specifics vary by state, your articles of incorporation should normally include the following information:<\/p>\n\n\n\n