Add Demanded Field Legal West Virginia LLC Resolutions Forms For Free

A certified copy of your Articles of Organization or Articles of Incorporation can be ordered by fax, mail, email, phone, in person, or online, but we recommend online. Online processing costs $10 plus $1 for the first page and $.

You can edit the LLC members ing to the procedure laid out in your operating agreement. Usually, adding or removing LLC members requires a unanimous vote of the existing members, an update to the operating agreement, and filing an amendment to your original LLC paperwork.

If you add an owner, then the LLC needs its own employer identification number (EIN), and you must file Form 8832 to inform the IRS the entity should now be taxed as a partnership. Note that if your company is already a multi-member LLC, you should still notify the IRS of additional changes in members.

Before engaging in business activity in West Virginia, every individual or business entity must obtain a West Virginia business registration certificate from the State Tax Department.

“LLC” stands for “limited liability company”. (More on liability and liability protection later.) Similar to a corporation, when you form an LLC, you are forming a company with its own legal existence — separate from its founders and members (as the owners of LLCs are called).

Key takeaways. LLC stands for limited liability company, which means its members are not personally liable for the company's debts.

What Is Limited Liability? Limited liability is a type of legal structure for an organization where a corporate loss will not exceed the amount invested in a partnership or limited liability company (LLC). In other words, investors' and owners' private assets are not at risk if the company fails.

Statement of Business Purpose Most states don't require you to be specific about the purpose of your LLC. Instead, a statement such as "The purpose of the Limited Liability Company is to engage in any lawful activity for which a Limited Liability Company may be organized in this state" is usually sufficient.

The process of adding a member to a West Virginia LLC may involve amending the company's articles of organization to include the new member. Depending on the terms in the agreement, current LLC members may need to vote on it for the amendment to pass.