![]() ![]() Your LLC will hold member meetings throughout the year. Each member receives a certificate with the name of the company, the name of the member, the member’s ownership share, and any other information your members deem necessary. Member certificates are evidence of ownership. For example, when you want to open a business bank account or purchase property, you will write a resolution authorizing a specific individual to do so. It also details management structure: initial managers, their rights and responsibilities, and how meetings will be managed.Ī resolution is a directive from your members authorizing a particular action. It lists the names and addresses of your initial members, their initial capital contributions, ownership percentages, rights and responsibilities, and how ownership can be transferred. Often it is nothing more than changing a header on a document and hitting print.Īn operating agreement lays out the ownership of your LLC and the way in which it will be managed. Our competitors charge between $50 and $75 per document, which we think is obscene. We provide all of our LLC formation clients with FREE custom business documents. ![]()
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