District of Columbia Operating Agreement for Member Managed Limited Liability Company - Long Form
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How to fill out Operating Agreement For Member Managed Limited Liability Company - Long Form?
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FAQ
In the District of Columbia, an LLC operating agreement isn't required but is advised. You should include all of the members' names and signatures, what their capital contributions and percentage interests are, and when the annual meetings are held.
Starting an LLC in DC will include the following steps: #1: Name Your DC LLC. #2: Designate a Registered Agent in DC. #3: File Articles of Organization. #4: Create an Operating Agreement. #5: Register With the IRS and DC Tax and Revenue Office. #6: Obtain Other Necessary Licenses.
You can get an LLC in DC in 5 business days if you file online (or 4-6 weeks if you file by mail). If you need your District of Columbia LLC faster, you can pay for expedited processing.
Delaware does NOT require an operating agreement. However, it is highly recommended to have a LLC operating agreement even if you are only a single member LLC. The state of Delaware recognizes operating agreements and governing documents.
An LLC operating agreement is a document that customizes the terms of a limited liability company ing to the specific needs of its members. It also outlines the financial and functional decision-making in a structured manner. It is similar to articles of incorporation that govern the operations of a corporation.
The DC LLC cost (the cost to create the LLC) is $99. You'll also pay $72.60 (one-time fee) for a Certificate of Occupancy or a Home Occupation Permit. And you must get a Basic Business License, the cost of which depends on what industry/occupation your LLC operates in.
Starting an LLC in DC will include the following steps: #1: Name Your DC LLC. #2: Designate a Registered Agent in DC. #3: File Articles of Organization. #4: Create an Operating Agreement. #5: Register With the IRS and DC Tax and Revenue Office. #6: Obtain Other Necessary Licenses.
How Are DC LLCs Taxed? Single-member LLCs (SMLLC) are taxed as disregarded entities by default, just like sole proprietors. Multi-member LLCs are taxed as partnerships by default.