This Limited Liability Company LLC Formation Package includes Step by Step Instructions, Articles of Formation, Operating Agreement, Resolutions and other forms for formation of a Limited Liability Company in the State of California.
Limited Liability Form With Share Capital
Category:
State:
California
Control #:
CA-00LLC
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PDF
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How to fill out California Limited Liability Company LLC Formation Package?
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FAQ
LLC should always be capitalized. It should be written in uppercase letters, without periods in between. For example: Correct: "John and Jane established their new venture as XYZ LLC."
Any contributions to capital should be documented. You'll want to be sure to include previous and new valuations and ownership percentages, signatures and more. Our LLC capital contribution agreement documents the following essential information: Name of each member making a contribution.
An example can illustrate better how the capital account works. If three persons create an LLC and each contributes USD 20.000, the capital account of each owner starts with a record of USD 20.000.
Does an LLC have shares? No. Only businesses structured as a corporation issue shares. With a limited liability company, ownership is expressed by percentage and membership units.
The purpose of a capital account, is for all the owners of the business to agree to the value of the cash, or property, or services that are provided to the LLC by the owner.