LLC; Limited Liability Company Forms
A legally recognized business entity combining the limited liability advantages of a corporation with the ease of operation of a partnership. LLCs have rights and powers similar to a natural person – they can own real and personal property, operate as a business, borrow money, etc. Effectively, LLCs are hybrids of corporations and partnerships.
Use: LLCs are formed by one or more individuals to operate as a business, association or club for tax or limited liability reasons. They have rights and powers similar to a natural person. Free of many of the administrative burdens of corporations, LLCs are easier to manage, best suited for smaller businesses with a limited number of investors.
The document which forms an LLC is called the Articles of Organization. A companion document establishing rules for governing the LLC, is called the Operating Agreement. LLCs are formed, owned and operated by Members. Some members may be managers, others not.
Locate & Download: Shop for legal forms, software and document preparation services by clicking the banners below. A new window will open taking you to the vendor’s products, but allowing you to return to this page to make additional selections. Some vendors additionally allow you to select forms specific to your jurisdiction (law of your state, province, parish or country).
Standard Legal Forms Software
Find Legal Forms
Notes: LLCs are formed under state law. You can use Legal.com’s Legal Research tool for more information about how to form an LLC in your state. For example, search “[name of state, province or country] form LLC”
More Legal Forms: For all other forms at Legal.com, see the main Legal Forms page.