- Initial Consultation. We have an initial consultation to discuss the mechanics of forming a LLC (Limited Liability Company). Ideally, you will have already met with your CPA who recommended that creating a limited liability company would benefit you from a tax perspective.
- LLC Informational Telephone Call. Once you retain us, we’ll schedule a call with you to find out some basic information about your business set up. We’ll answer any questions you may have. In addition, we’ll discuss the structure of your LLC with you to make sure that you understand the multitude of available options, so that your business is set up according to your wishes.
- Initial Documents to Sign. We will prepare the Certificate of Formation and Consent to Serve as Registered Agent for your signature. (A Registered Agent is someone who accepts service of process on the LLC’s behalf.)
- Secretary of State Filing. Your Certificate of Formation and Consent to Serve as Registered Agent are filed with the Washington Secretary of State’s office.
- Receipt of Confirmation from Secretary of State’s office. Our office will confirm that your LLC has been formed. Then you should work with your accountant in obtaining a federal tax identification number for your LLC.
- Instructions and Answers. We will give you a very detailed letter of instruction that explains the mechanics of operating your new limited liability company. We will also be happy to answer any questions you may have, and to help in any way.
- Follow Up LLC Documents. We will work with you to develop your Operating Agreement as well as documents related to your first LLC meeting. We will also work with your CPA to make sure he or she is aware of the tax provisions in your Operating Agreement, and approves of those provisions.
- Meeting. We will conduct an initial meeting of the members of your new LLC. Your Operating Agreement will be approved at this time.
- LLC Minute Book. We will set up your LLC minute book and mail it to you.
A primary purpose of a properly formed LLC is to protect you from individual liability related to your business activities. Our office performs thorough and detailed work to assist you in achieving this standard. Our goals:
- To make sure your LLC is properly formed so that it helps shield the members from individual liability.
- To clarify the business relationships between owners to avoid future disputes.
- To assist you in developing a working knowledge of how to maintain your LLC in the future.
Our Work Includes:
- Discussing the LLC formation process and the nature and goals of your business with you.
- Drafting the Certificate of Formation.
- Drafting the Consent to Serve as Registered Agent.
- Answering any questions you may have regarding the initial LLC formation documents.
- Filing the Certificate of Formation and Consent to Serve as Registered Agent with Washington Secretary of State’s office.
- Confirming that your LLC has been formed.
- Communicating with your CPA about the tax basis for your LLC and the initial capital contribution of each LLC member.
- Communicating with you regarding whether the LLC will be managed by one or more managers or by the LLC members.
- Communicating with you about your LLC bank account.
- Writing a detailed letter of instruction to you about how to properly maintain your LLC.
- Drafting the Call and Waiver of Notice of First Meeting of LLC Members, and Minutes of First Meeting of LLC Members.
- Drafting an LLC Operating Agreement that meets the specific needs of your business depending on a variety of factors including the tax basis of the business and the management style that you select.
- Working with you, as needed, to add buy sell provisions into the Operating Agreement to govern how LLC membership interests may be sold or distributed to third parties.
- Providing legal advice concerning the relationship between LLC members, and ensuring the LLC Operating Agreement properly reflects the members’ decisions about the “rules of the road” governing that relationship.
- Discussing all follow up LLC documents with you as needed to ensure your knowledge and understanding of the process.
- Communicating with your CPA to ensure his or her familiarity with and approval of the Operating Agreement.
- Meeting with you to sign the Call and Waiver of Notice of First Meeting of LLC Members, Minutes of First Meeting of LLC Members and Operating Agreement.
- Organizing your LLC Minute Book, and providing the Minute Book to your office for reference.
- Being available to answer all questions, and providing on-going representation to conduct future LLC meetings and meet other legal needs of your business.
Any questions? Please contact our office at firstname.lastname@example.org.
This overview provides general information and not legal advice or opinions on specific facts.