Llc Operating Agreement Hawaii With Units
Description
How to fill out Hawaii Limited Liability Company LLC Operating Agreement?
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FAQ
LLC operating agreements usually provide much more information, and almost all the provisions for how the business will be managed, and the rights, duties, and liabilities of members and managers are contained in the operating agreement. An operating agreement is a private document.
You can get an LLC in Hawaii in 7-10 business days if you file online (or 3-4 weeks if you file by mail). If you need your Hawaii LLC faster, you can pay for expedited processing.
To get you started, here is a Top 10 list underscoring the major provisions that an LLC operating agreement should have. Member Financial Interest. ... Corporate Governance. ... Corporate Officer's Power and Compensation. ... Non-Compete. ... Books and Records Audit. ... Arbitration/Forum Selection.
To maintain an LLC in Hawaii you will need to pay an annual fee of $12.50 along with income tax at 1.4% to 8.25%, general excise tax at 9% and federal taxes.
As per Section 428-103 of the Hawaii LLC Act, a written Operating Agreement isn't legally required for an LLC in Hawaii. But while it's not required in Hawaii to conduct business, we strongly recommend having an Operating Agreement for your LLC.