Alabama Unit Operating Agreement
Description
How to fill out Unit Operating Agreement?
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FAQ
All Alabama LLCs need to pay $50 per year for the Annual Report and Alabama Business Privilege Tax. These state fees are paid to the Department of Revenue. And this is the only state-required annual fee. You have to pay this to keep your LLC in good standing.
How to Order a Certified Copy of Articles of Organization or a Certified Copy of Articles of Incorporation from Alabama Secretary of State By Phone: Call (334)242-5324 and request your certified copy. ... By Email: ... By Mail: ... By Fax: ... In Person: ... Counter Service: ... Expedited processing: ... Normal processing:
PURPOSE: In order to form a Limited Liability Company (LLC) under Section 10A-5A-2.01 of the Code of Alabama 1975, this Certificate of Formation and the appropriate filing fees must be filed with the Office of the Secretary of State.
An LLC Organizer is the person (or company) who signs and submits the Certificate of Formation to the state. An LLC Organizer (while they may also be an LLC Member) doesn't automatically become an LLC Member by signing the Certificate of Formation. LLC Members are listed in the Alabama LLC Operating Agreement.
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).
An operating agreement should include the following: Percentage of members' ownership. Meeting provisions and voting rights. Powers and duties of members and management. Distribution of profits and losses. Tax treatment preference. A liability statement. Management structure. Operating procedures.
The document required to form an LLC in Alabama is called the Articles of Organization. The information required in the formation document varies by state. Alabama's requirements include: Registered agent.
To form a corporation in Alabama, also known as incorporating, you must file the Corporation Certificate of Formation document. This document must be filed alongside a Name Reservation Certificate, which can be obtained online immediately or through postal mail after submitting a Name Reservation Request Form.