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Flashcards in Formation Deck (3)
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1

How is an LLC formed?

LLC is formed by filing of a "CERTIFICATE OF ORGANIZATION" with the secretary of state

(in some states it's called "articles of organization")

2

How many members must LLC have?

LLC must have at least 1 member

Number of members is unlimited

3

What must be included in the "certificate of organization"?

1. NAME of the LLC (which must indicate that it's an LLC)
2. ADDRESS of LLC's REGISTERED OFFICE
3. NAME and ADDRESS of LLC's REGISTERED AGENT