Pennsylvania Unit Operating Agreement
Description
How to fill out Unit Operating Agreement?
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FAQ
Do you need an operating agreement in Pennsylvania? No, it's not legally required in Pennsylvania under § 8815. Single-member LLCs need an operating agreement to preserve their corporate veil and to prove ownership.
The only fee to register an LLC in Pennsylvania is $125 at initial registration. Then, every 10 years your business will be required to submit a decennial report with a registration fee of $70. If you are not yet ready to file your LLC, Pennsylvania offers a name reservation option.
Your LLC must have a Pennsylvania Registered Agent at all times to provide various services, such as accepting formal documents and correspondence from the Pennsylvania Department of State (PA DOS). You must appoint a Registered Agent when you first start your business.
However, by forming a single-member LLC, the sole owner of a business can retain the simplicity of a sole proprietorship while still obtaining the full liability shield afforded under Pennsylvania corporate law.
How to Form a Single-Member LLC in Pennsylvania Name Your SMLLC. ... File a Certificate of Organization. ... Prepare an Operating Agreement. ... Do You Need an EIN? ... Register With the Pennsylvania Department of Revenue. ... Obtain Business Licenses. ... LLC Annual Reports Required Starting in 2025. ... Getting Help Forming Your SMLLC in Pennsylvania.
Your best option for easily transferring LLC ownership is to write an Operating Agreement (OA) with transfer provisions for LLC owners. An Operating Agreement (OA) is a document with customized provisions dictating how an LLC conducts business. Your OA can determine how to transfer ownership of an LLC in Pennsylvania.
A Pennsylvania limited liability company is formed by filing a Certificate of Organization [DSCB:15-8821], accompanied by a docketing statement [DSCB:15-134A], with the Bureau of Corporations and Charitable Organizations.
Inc Authority provides most LLC formation services to their customers for free, including filing a Pennsylvania Certificate of Organization with the state. Additionally, they provide other supporting services on their paid plans.