While each company has defined specific rules and rules in its statutes, the typical statutes contain the following information: It is advisable for each LLC to establish a written enterprise agreement and an establishment certificate, and to create for each company, statutes and statutes. Note that incorrect filing of these documents can lead to delays. In order to support the correct presentation and presentation of these governance documents, it is recommended that you seek a lawyer. No matter what type of entity you form, you need to create and submit some kind of charter document. This document, referred to as the status of a corporation or the incorporation certificate (or certificate of creation in some states) of an LLC, is the first filing, usually with the office of the Secretary of State in the state you founded, which forms a business after adoption by the government. Depending on the status of the charter, the charter document can be completed and submitted online. If this is not the case, you should conduct extensive research on the requirements for the charter document in your chosen state of incorporation prior to the submission, because if the requirements are not met, the charter document is refused. The second relates to the company`s internal operations. For companies, these are statutes and for llCs, it is an enterprise agreement. One of the most common mistakes we see are do-it-yourself enterprise agreements and statutory agreements. What makes do-it-yourself errors more common is the appearance of online models that can be downloaded for free or purchased by companies like LegalZoom. These companies advertise with legal documents in a „One Size fits all“ model, but the reality is that most companies are not the same because owners and management have different expectations about their roles and responsibilities. After joining your business as a company or LLC, it is advisable to adopt a document specifying the rules of your business.
This is not only a requirement in many states, but allows your company to follow the rules, hold regular meetings and generally avoid disagreements that inevitably appear in the lives of most companies. Most states, even those that require the creation of an enterprise agreement, do not require these companies to formally submit their enterprise agreement to the public authority that regulates companies, often the Secretary of State. The company should keep this document in a safe place with other important business documents and give each member a copy.