This By-Laws document contains the following information: the name and location of the corporation, the shareholders, and the duties of the officers.
Bylaws For Llc In Orange
Category:
State:
Multi-State
County:
Orange
Control #:
US-00444
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Online Filing: Filing your California LLC online through the Secretary of State's website is typically the quickest and most efficient option. The standard processing time for online filings is generally around 10-15 business days. However, you can expedite the process by selecting expedited processing.
Technically, you don't have to hire a lawyer; no states have a law that requires this. You can create your LLC on your own if you wish, or you can hire an LLC formation service.
LLCs are not required to have bylaws. However, they are governed by an operating agreement which is like a corporation's bylaws.
To form an LLC in California, go to bizfileOnline.sos.ca, log in, select Register a Business under the Business Entities Tile, Articles of Organization - CA LLC and follow the prompts to complete and submit.
Starting an LLC in California is very beneficial. It offers limited liability, flexible management, and tax benefits. California requires an $800 franchise tax. But the benefits are worth it for many entrepreneurs. They are: protecting assets, boosting credibility, and a better structure than a sole proprietorship.
The City of Orange requires all commercial, industrial, and residential businesses operating or based in the City to obtain and maintain a current business license. Any business coming into the City to work must also apply for a business license. Our business licenses only cover the City of Orange, CA.
What's in a single-member LLC operating agreement? The name, location, and purpose of your LLC. Your LLC's registered agent. The term of your LLC. Information about LLC membership. How profits and losses are distributed. Accounting and record-keeping information. Indemnification and limitation of liability. Dissolution.
If you're asking whether you need a lawyer to draft a contract, legally, the answer is no. Anyone can draft a contract on their own and as long as the elements above are included and both parties are legally competent and consent to the agreement, it is generally lawful.
Your California LLC Operating Agreement is a legal document establishing ground rules for how your LLC will make decisions, be managed, and allocate profits. It allows your LLC to override California's expansive default rules and may even help reinforce your LLC's limited liability status in the event of a lawsuit.
Your Texas LLC operating agreement is a legal document that establishes rules for how your LLC will handle procedures like voting, allocating profits and losses, management, and even—should it ever come to this—dissolution.
