Alabama Memorandum of Operating Agreement
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How to fill out Memorandum Of Operating Agreement?
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The information required in this form is required by Title 10A. INSTRUCTIONS: Mail 2 copies of this completed form along with a self-addressed, stamped envelope to: *Secretary of State, Business Services, P.O. Box 5616, Montgomery, Alabama 36103.
If changing entity name, must attach new name reservation certificate. This form can be filled out on your computer and then printed. Must attach name reservation certificate obtained from the Alabama Secretary of State. If changing entity name, must attach new name reservation certificate.
Articles of Organization are also known as Certificate of Organization or Certificate of Formation. Once filed and approved, Articles of Organization are the legal basis for forming an LLC as a registered business entity. An LLC must then abide by the laws of the state in which it was created.
An LLC operating agreement should contain provisions to cover: Basic information about the LLC. ... A profit and loss allocation plan. ... The LLC's purpose. The management structure. ... Ownership percentages of each member. ... Voting rights and procedures. ... Meeting frequency. Procedures for bringing in new members.
There is no State requirement in Alabama to have an operating agreement, however, it is still highly recommended to have one in order to state the purpose of the business as well as the ownership interest of the members (if a multi-member LLC).
A certificate of formation, previously known in Alabama as an articles of organization form, is the document that one must complete and file to establish the creation of an LLC within the state. It sets forth the name of the proposed company and contact information for its registered agent, among other details.
Alabama LLCs Certificates of Formation It is also sometimes referred to as the Operating Agreement or, for a corporation, the articles of organization.
Immediate Processing: You may acquire copies and certified copies online at .sos.alabama.gov. Click on Business Services (below the picture, Business Entity Record Copies.