MI BCS/CD-700 2011-2024 free printable template
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BCS/CD-700 (Rev. 04/11) MICHIGAN DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS BUREAU OF COMMERCIAL SERVICES Date Received (FOR BUREAU USE ONLY) This document is effective on the date filed, unless
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Question: How to fill out articles of organization for an LLC?
01
Research the requirements: Before starting to fill out the articles of organization, it is important to research the specific requirements of your state. Different states have different guidelines and forms for creating articles of organization for an LLC. You can typically find this information on the website of your state's Secretary of State or similar governmental agency.
02
Gather necessary information: The articles of organization typically require certain information about the LLC. This may include the LLC's name, principal place of business, registered agent, management structure (member-managed or manager-managed), duration of the LLC, and purpose of the LLC. Collect all the necessary information beforehand to ensure accuracy and efficiency when filling out the articles.
03
Prepare the document: Once you have gathered the required information, you can start preparing the articles of organization. Most states provide a standard form that you can download and fill out. Make sure to follow the instructions provided by the state and accurately enter all the required information.
04
Include any additional provisions: While the articles of organization usually contain basic information about the LLC, you may also include additional provisions to address specific needs or preferences of the business. This can include special provisions for managing the LLC, restrictions on transfer of ownership, or any other provisions that you deem necessary. Consult with an attorney or legal expert if you need assistance in drafting these additional provisions.
05
Review and sign: Once you have completed filling out the articles of organization, carefully review the document for any errors or omissions. Ensure that all the information is accurate and up-to-date. After reviewing, make sure to sign the document in the appropriate section as required by your state's regulations.
06
Submit the document: Once the articles of organization are filled out and signed, you will need to submit them to the appropriate governmental agency, typically the Secretary of State's office. Some states allow electronic submission, while others may require physical copies to be mailed or delivered in person. Make sure to follow the submission instructions provided by your state.
Who needs articles of organization?
01
Any individual or group of individuals planning to start a limited liability company (LLC) needs articles of organization. This legal document formally establishes the existence of the LLC and sets out its basic structure, purpose, and operating guidelines.
02
Small businesses and startups often choose to form an LLC because it provides limited liability protection and allows for flexible management and taxation options. This makes articles of organization essential for those looking to separate their personal assets from business liabilities.
03
Investors and financial institutions may also require the submission of articles of organization before providing funding or other support to the LLC. Having this document readily available can help establish credibility and provide transparency to potential stakeholders.
Overall, anyone intending to establish an LLC should be familiar with the process of filling out articles of organization and understand its importance in legally forming and operating the business.
Video instructions and help with filling out and completing how to articles organization
Instructions and Help about michigan cd 700 form
This is Joe from how to form an LLC org, and today we are going to form an LLC in the state of Michigan so the first step in forming an LLC is to get a name for our LLC and the reason why we want to go over that right now is because the number one reason why these LLC's get rejected in Michigan is because people file a name that already exists in the system so what we want to do is this webpage by the way is in the description so right below the video there's a link click on that, and you can follow right along if you want to go down you can see this Michigan LLC search right below the box if you click on that that will bring us to the Michigan LLC's search it's on our website, but we work with the state, so we can search all their LLC's and all you have to do is just search the name hit search, and it'll tell you if there's anything in here in their database for example if we did real estate LLC hit Search I'll tell us if it's available or not this is name not available, so we cannot use that name I mean that was pretty common I didn't expect it to be available but anyways you just search right in here this machine will tell you right away and so that's that so let's get right to the steps we have our name for our LLC hopefully, and we are ready to start filling out some stuff, so we want to go right to the Michigan articles of organization right here click on it the Michigan form will pop up and that it is pretty easy pretty self-explanatory full you can fill in the blanks all right here so who you want the first box is who you want it to be sent back to, and you just write your name in here address city state zip code keep scrolling down the name of the name of the limited liability company is you write it right here a purpose for which it's being formed I usually just write any legal anything legal in the state of Michigan or any lawful purpose I mean they don't really want to know exactly what it is you're doing you just want to know that what you're doing is legal the duration of the limited liability company other than perpetual is a lot of people get just totally confused on this question and all this really means is that you don't do anything fill in anything in that blank unless your LLC is only going to be around for a year or less such as if you're a construction company doing some work you might make an LLC just until the construction is done, and it'll end, but I would say 99% of you are looking to make a nice long healthy business they'll hopefully never die so let's go on to article for the name of the resident agent at the registered office is a registered agent is someone who's just a representative of the LLC it doesn't have to be the owner for example a lot of companies use an attorneys or accountants to be the registered agent basically a registered agent is if anyone's going to be coming after you or trying to get contact with you whether it be the state on a filing fee or some kind of judgment debt collection they're going...
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What is articles of organization?
Articles of organization refer to the legal document that establishes and outlines the formation and structure of a limited liability company (LLC). It is typically filed with the appropriate state agency, such as the Secretary of State or Department of Corporations. The articles of organization typically include information such as the LLC's name, purpose, principal place of business, registered agent, and the names and addresses of the LLC's members or owners. It serves as a foundational document for the LLC and is required for its formation and legal recognition.
Who is required to file articles of organization?
The individuals or entities interested in forming a limited liability company (LLC) are required to file articles of organization. This typically includes the owners, also known as members or shareholders, of the LLC.
How to fill out articles of organization?
Filling out the Articles of Organization is a necessary step in establishing a Limited Liability Company (LLC). Here is a general guideline on how to fill out the Articles of Organization:
1. Obtain the form: Visit the website of your state's Secretary of State or the agency responsible for business filings. Look for the form titled "Articles of Organization" or "Certificate of Formation." You may also find it in physical offices or libraries dedicated to assisting with business registration.
2. Provide basic information: Fill in the required information about your LLC, including its name, address, and the purpose for which it is being formed. Ensure that the chosen name complies with your state's naming rules and is unique from other registered businesses.
3. Registered agent details: Include the name and address of the registered agent or registered office responsible for receiving legal documents on behalf of the LLC. This can be an individual or a registered agent service.
4. Operating agreement: Some states may require you to attach your LLC's operating agreement, which outlines the internal structure and management of the company. Check if this is necessary in your state.
5. Management structure: Indicate whether your LLC will be managed by its members or by one or more managers. Most LLCs are "member-managed," where the owners directly handle day-to-day operations.
6. Signature: Sign and date the Articles of Organization to confirm its accuracy and authenticity. Make sure all required signatures are present, including any additional members or managers if applicable.
7. Filing fee: Check the filing fee for submitting the Articles of Organization and enclose the required payment. This fee varies from state to state.
8. Submitting the form: Send the completed Articles of Organization with the filing fee to the designated governmental agency. Some states allow electronic filing, while others may require mail or in-person submission.
9. Confirmation and documents: Await confirmation from the state agency confirming the acceptance of your Articles of Organization. This confirmation may arrive as a stamped receipt or as a formal document. Keep a copy of the approved Articles of Organization and any other accompanying paperwork for your records.
It is essential to consult your state's specific requirements and instructions concerning the Articles of Organization as the process may differ slightly between states. Consider seeking legal advice or assistance from professionals experienced in LLC formation to ensure accuracy and compliance with all regulations.
What is the purpose of articles of organization?
The purpose of articles of organization is to establish and legally document the formation and structure of a limited liability company (LLC). It is a crucial document that outlines key information about the LLC, such as its name, address, purpose, duration, management structure, and members' rights and responsibilities. The articles of organization are typically filed with the appropriate state agency, often the Secretary of State's office, to officially create the LLC and ensure its legal existence. It serves as the foundational document for the LLC's operations, governance, and liability protection for its members.
What information must be reported on articles of organization?
The information that must typically be reported on articles of organization for a limited liability company (LLC) includes:
1. Name of the LLC: The full legal name of the LLC, which must include the term "Limited Liability Company" or an abbreviation like "LLC."
2. Registered Agent: The name and address of the LLC's registered agent, who is the person or entity responsible for receiving legal and official documents on behalf of the LLC.
3. Principal Place of Business: The street address of the LLC's principal place of business, which is the primary physical location where the company conducts its operations.
4. Purpose of the LLC: A brief statement that describes the general purpose or nature of the LLC's business activities.
5. Duration of the LLC: The intended duration of the LLC, which can be stated as either a specific date or as perpetual if there is no predetermined end date.
6. Management Structure: The LLC should indicate whether it will be managed by its members or by appointed managers. If managers are to be appointed, their names and addresses should be provided.
7. Membership Interests: The LLC should specify the number of membership interests or units the company is authorized to issue and describe the rights and obligations of its members.
8. Organizer Information: The name(s) and address(es) of the person(s) or entity responsible for completing and filing the articles of organization.
It's important to note that the specific requirements for articles of organization can vary slightly from state to state, so it's recommended to consult the relevant state's LLC formation guidelines or seek legal advice when preparing the articles.
When is the deadline to file articles of organization in 2023?
The deadline to file articles of organization for a business entity in 2023 may vary depending on the jurisdiction and type of entity. To obtain the most accurate and up-to-date information, it is recommended to check with the relevant government authority responsible for business registrations in your specific jurisdiction.
What is the penalty for the late filing of articles of organization?
The penalty for late filing of articles of organization can vary by jurisdiction. In general, most states impose a late filing fee or penalty for late submission of the articles. The specific amount can range from a few dollars to several hundred dollars, depending on the state. Some states may also charge additional interest on top of the initial fee. It is important to check with the respective state's business filing office or secretary of state to determine the exact penalty for late filing in that particular jurisdiction.
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