Standard Operating Agreement Laser Printed With Name of LLC Filled In
Management Option 1 – Single Member Management – This is designed for a Limited Liability Company that shall have only one member for the foreseeable future. A new Operating Agreement must be prepared when any new members are admitted.
Management Option 2 – Member Managed – All members vote in accordance with their respective percentage owned. This option avoids centralized management, which is one attribute of a corporation.
Management Option 3 – Manager Managed – Certain members are designated as managers. Managers are elected or removed by a majority vote of members. This option has centralized management, which is one attribute of a corporation.
Management Option 4 – All Powerful Manager – One member is designated as the manager and is not subject to removal except in extreme circumstances. This option has centralized management, which is one attribute of a corporation.
Management Option 5 – Corporate Style – This Limited Liability Company is designed to be governed like a corporation. It is especially useful when investors are likely to be added or removed with some frequency, or when corporate style governance is desired. Ownership percentages are determined by the number of shares owned and not by capital contribution.
Professional LLC – Purposes are limited to the specified profession, and membership is limited to licensed professionals. Five different management styles are available.
INTEREST SUBSCRIPTION AND INVESTMENT LETTER
Representation That Interests Are Being Purchased for Investment Purposes
Statement That Interests Will Not Be Registered under the Securities Act
Agreement to Restrictions on Transfer
Subscribers, Interests, Capital Contributions
Acceptance by LLC
OTHER MINUTE FORMS
Promissory Note to Member and Companion Resolution
Bill of Sale from Member to LLC and Companion Resolution
Form of Unanimous Resolution of Members
Form of Annual Members Resolution
LLC COMPANY KIT
Slip Box & Binder – Black 1.5″ Binder with LLC Name on the Spine
Divider Tabs – Eight (Articles of Organization, Operating Agreement, Tax ID Numbers, Forms, Minutes, Annual Registration, Membership Certificates, and Other Records)
Certificates – 1 Specimen and 20 Numbered Blue Certificates, with Members’ Names Preprinted. Certificates are signed by any two members/managers unless specified otherwise.
Cancellation Sheets – 20
Certificate Transfer Ledger Booklet
LLC Company Seal – 1 5/8 ” Diameter with Year of Organization Included at no Extra Charge. (A 2″ diameter seal is required for LLC names exceeding 40 characters – extra charge)
Pouch For LLC Company Seal
MEMORANDUM TOPICS
New LLC Start-Up Checklist
Obtaining a Federal Tax ID Number
Opening a Bank Account
Obtaining a State Tax ID Number
Obtaining a Department of Labor (Unemployment) Tax ID Number
Obtaining a Sales Tax ID Number
Reviewing and Signing Minute Book
City and County Business Licenses
City and County Real and Personal Property Taxes
Independent Contractor vs. Employee Status
Worker’s Compensation Insurance
I.N.S. Form I-9
Federal Payroll Taxes
Georgia Payroll Taxes
State Unemployment Taxes
Georgia Sales and Use Tax
Annual Return to Secretary of State
Federal Income Tax Returns
Georgia Income Tax Returns
Doing Business Out of State
Trade Name Registration
Trademark Registration
Georgia Business Outreach Services (Small Business Development Centers)
Amortization of Organizational Expenses
Sales of Securities
Issuing Additional Membership Interests and Transfer of Interests by Members
