To establish a Limited Liability Company (LLC), a certificate of organisation must be filed. This document contains crucial details such as the entity’s name, purpose, and location. Once the certificate is filed, the LLC is officially considered “organized” and can commence business operations. In certain states, such as South Dakota and Massachusetts, obtaining a certificate of organisation is mandatory before the LLC can partake in transactions or accumulate debt.

The certificate of organisation, also referred to as articles of organisation, is a necessary legal document that must be submitted in order to establish a Limited Liability Company (LLC). This document contains vital information such as the LLC’s name, primary purpose, main office location, and the names and addresses of its agents. Once the certificate of organisation is filed with the appropriate authority, the LLC is officially considered “organized” and is permitted to engage in business activities. For instance, in South Dakota, an LLC cannot partake in any transactions or accumulate debts without first obtaining a certificate of organisation from the Secretary of State. However, there are exceptions, such as obtaining subscriptions or contributions payments. Similarly, in Massachusetts, the state secretary’s signature on the certificate of organisation serves as conclusive evidence of the LLC’s existence. In conclusion, the certificate of organisation is a crucial document that establishes the legal existence of an LLC and grants it the ability to conduct business.

This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 17th April 2024.