Single-Member LLC

February 17, 2022 by DeepFocus Law

New Single Member Limited Liability Company

Company Information

The name chosen must be followed by "Limited Liability Company" or an abbreviation thereof ("LLC"). Please note that once the organizing document is filed with the State, the name of the company cannot be changed without a new filing (and related filing fees).
Please describe the company's primary business activity.
Duration
Please indicate either the date or the event that will trigger dissolution of the company. For example, the delivery of a final film for distribution.
Business in other states
Please indicate whether the company will maintain an office or otherwise be required to qualify to do business in another state.
Articles of Organization
Please indicate whether Articles of Organization for the company have already been filed with the applicable Secretary of State.
All LLCs formed in a State must maintain a registered agent in that State. The agent may be either an individual resident in the State or a corporate agent qualified to do business in the State.
Taxation
Accounting
Fiscal year

S Corporation election information

Member Information

Gender pronouns
Marital status

Limited Liability Company Operations

Company management
Please indicate whether the company will appoint the member as sole manager (standard) or someone else as assistant manager. An LLC's manager/assistant manager has authority to handle the day-to-day responsibilities of the business. Unless circumstances suggest that a separate manager may be advisable, we typically recommend that a single-member LLC be managed solely by the member.
Tax distributions
Please indicate whether the company will be required to make a distribution to the member to cover any tax liability related to income from the company.
Manager gender pronouns

Capital Contribution

Type of contribution
In exchange for membership in the company, an initial capital contribution should be made. Inadequate capitalization is a significant risk factor that could allow a business creditor to reach personal assets. Contributions may be in the form of money, property, services, a promise to make such contributions in the future, or some combination of the above.
A contribution of property may have potential tax consequences based on the difference between the property's value when contributed and when acquired. Please indicate the current dollar value of the property if purchased at a fair market price.
Please indicate the cost paid for the property when it was acquired. If inherited or received as a gift, please indicate the value as of the date inherited or received.
Please describe the services contributed. Do not include services to be performed as part of the company's ongoing business but only services resulting in something of value before the company's organization. For example, intellectual property developed before the company began, market surveys, etc.
Please indicate the value of the services in the approximate amount that would have been paid to you for performing them as an employee.