This form is a Limited Liability Company Agreement. The parties have agreed to form a limited liability company upon the terms listed in the agreement. However, the form also lists the actions or events which would result in the termination of membership in the limited liability company.
Mississippi Limited Liability Company LLC Operating Agreement
State:
Multi-State
Control #:
US-00580
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Limited Liability Company LLC Operating Agreement?
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FAQ
How much does it cost to form an LLC in Mississippi? The Mississippi Secretary of State charges a $50 fee to file the Certificate of Formation. You can reserve your LLC name with the Mississippi Secretary of State for $25.
A written operating agreement is not legally required for most Tennessee LLCs (the exception being director-managed LLCs). Even so, having a written operating agreement is essential for opening a business bank account, heading off disagreements between members, and bolstering your limited liability status.
How to File (6 Steps) Step 1 ? Choose the Entity's Name. Step 2 ? Select a Registered Agent. Step 3 ? Filing a Certificate of Formation. Step 4 ? Create an Operating Agreement. Step 5 ? Obtain an EIN. Step 6 ? File Annual Report.
Online filings: In total, online filing approvals for Mississippi LLCs take 1-2 business days. Since you can download your documents as soon as they're approved by the Mississippi Secretary of State, there is no extra transit time.
Mississippi doesn't legally require LLCs to have an operating agreement.
Tennessee LLC Taxes The franchise tax imposed on LLCs is 0.25 percent of the real and tangible worth or net worth of a property in the state of Tennessee (whichever is greater). The minimum payment for the state franchise tax is $100.
Name your Mississippi LLC. Choose your registered agent. Prepare and file certificate of formation. Receive a certificate from the state. Create an operating agreement. Get an Employer Identification Number.
To protect the business' limited liability status: Operating agreements give members protection from personal liability to the LLC. Without this specific formality, your LLC can closely resemble a sole proprietorship or partnership, jeopardizing your personal liability.