Free Articles of Organization are fundamental documents required when establishing an LLC in any U.S. state. They serve as the official formation document that, when filed and approved, creates the legal entity of an LLC. The document typically contains basic information about the company's structure, management, and operations, though specific requirements vary by state. This document is crucial for businesses seeking liability protection and formal recognition as a separate legal entity. The 'free' designation typically refers to using standard state-provided forms rather than custom-drafted articles.
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1. Article 1: Company Name: Legal name of the LLC following state naming conventions
2. Article 2: Principal Place of Business: Physical address of the company
3. Article 3: Registered Agent: Name and address of registered agent
4. Article 4: Purpose: General statement of business purpose
5. Article 5: Duration: Period of existence (perpetual or specific)
1. Management Structure: Specify member-managed or manager-managed structure (used when wanting to clarify management structure in articles rather than operating agreement)
2. Initial Members: Names and addresses of initial members (used when state requires or when wanting to document initial ownership)
3. Additional Provisions: Special rules or restrictions (used when specific provisions need to be included in articles rather than operating agreement)
1. Schedule A: Member Information: Detailed list of members and their ownership percentages
2. Schedule B: Initial Capital Contributions: List of initial capital contributions by members
3. Schedule C: Authorized Signatories: List of individuals authorized to sign on behalf of the LLC
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