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.
South Carolina 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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File South Carolina LLC Articles of Amendment To change your South Carolina LLC name, you'll file an Amendment to Articles of Organization form, which costs $110. You can file this amendment online, by mail, or in person.
File two copies of the Amended Articles of Organization with the South Carolina Secretary of State, Division of Business Filings (SOS). The form is on the SOS website (see link below) or in your online account when you sign up for registered agent service with Northwest.
Register Your South Carolina LLC Company Name. If you've decided that structuring your business as an LLC is your best option, it's time to name your new company. ... Select a Registered Agent. ... File Articles of Organization With the State. ... Secure a Federal Employer Identification Number. ... Formalize an Operating Agreement.
To add a member to your LLC, you will need to amend your South Carolina LLC Operating Agreement. Your operating agreement is an internal document that doesn't need to filed with the state. Nevertheless, it is a legal document that outlines the policies and organizational structure of your LLC.
Generally speaking, the process for how to add an LLC member involves amending the LLC's operating agreement that brings in the new member. Current LLC members must then vote on the amendment for it to pass?and most states, as well as many LLC operating agreements, require unanimous approval.
Although North Carolina's laws do not require LLCs to have operating agreements, you are still encouraged to have one to protect the operations of your business. Having an operating agreement is critical to ensure that your business is legally compliant and that all of the proper procedures and policies are followed.
The state of South Carolina does not require an LLC Operating Agreement, but it may still be recommended for many LLCs. Without an Operating Agreement, disputes are governed by the default LLC operating rules outlined in South Carolina law (SC Code § 33-44).
How do I add multiple members to my LLC? You need to amend your Articles of Organization to include the names of the additional members and amend your LLC Operating Agreement to address the change in membership interests.