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James W. Martin Business Formation Law Blog on Lawyers.com
What Are Articles of Organization and Operating Agreements?
Monday, May 30, 2011 by James W. Martin
Articles of organization is the title of the legal document that is filed with the Florida Division of Corporations to form a new Florida limited liability company LLC. The articles of organization state such matters as the LLC’s name, address and other matters. The articles of organization prepared by Pinellas County business attorneys usually contain more legal clauses than the very simple articles provided for online filing by the Secretary of State, such as names and addresses of all managing members and their authority so that this information appears on the state database when banks and others dealing with the LLC look it up online.
Operating agreement is the title of the legal document that contains the rules by which the members of an LLC will operate. Operating agreements are not provided by the Florida Division of Corporations when LLCs are formed. Pinellas County business attorneys prepare operating agreements of Florida limited liability companies.
Posted at 16:44 PM
Topic:
Business Formation
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