Package for New California LLCs

Limited liability companies (LLCs) are business entities that have streamlined governance requirements and offer flexibility in allocating control, profits, and losses.

The Basic Setup for single member LLCs (i.e., one owner) includes:

• Articles of Organization, filed with Secretary of State
• Operating Agreement
• Action by sole organizer
• Member’s organizing resolutions
• Appointment of registered agent for service of process
• Company Seal
• Membership Interests Purchase Agreement
• Minute Book, organized with copies of formation documents
• First Statement of Information, filed with Secretary of State
• Memorandum summarizing key issues for new businesses

The Advanced Setup for LLCs with two or more members (i.e., owners) includes:

• Articles of Organization, filed with Secretary of State
• Operating Agreement, with buy-sell provisions
• Action by sole organizer
• Member’s organizing resolutions
• Appointment of registered agent for service of process
• Company Seal
• Membership Interests Purchase Agreement
• Federal and/or state securities notices, if applicable, filed with regulators
• Minute Book, organized with copies of formation documents
• First Statement of Information, filed with Secretary of State
• Memorandum summarizing key issues for new businesses