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Additional LLC Requirements

  • Authorize the LLC to reimburse the person who paid the costs the LLC formation if applicable
  • Hold LLC organizational meetings. Ratify the articles of  organization.  Ratify the pre-formation actions of the organizer and initial member./manager.
  • After considerations have been made for interest in the company, issue signed interest certificates to the members.  Prepare and maintain interest register recording the interest of each member.
  • Maintain a company record book. Hold member and/or manager meetings at least annually.
  • Open a distinct bank account for the LLC
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DISCLAIMER: Compass Group and its employees or agents are not in the business of providing tax or legal advice. If legal advice or other expert assistance is required, the services of a person in those professions should be sought. Compass Group, its employees and agents do not make any factual determination as to the validity of any business deduction for tax purposes. Compass Group does not expressly or impliedly endorse, accept, or validate any business record produced by Compass Group on behalf of Client. The Completed Documents produced by Compass Group through this written request are based solely upon the information provided by the client.