Setting Up Llc Guide

Summary

To set up an LLC in Dutchess County, NY, choose a unique name, file Articles of Organization with the New York Department of State, and create an Operating Agreement. Fulfill the publication requirement by publishing notices in two local newspapers within 120 days. Obtain an EIN from the IRS. For a Certificate of Authority, file an Application for Authority and obtain a Certificate of Good Standing from your home state if youre a foreign entity. An Operating Agreement outlines ownership and operating procedures, including member roles, profit distribution, and management structure.

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Hot to create an COA
Creating a Certificate of Authority (COA) in New York generally involves:
- Application for Authority: File with the New York Department of State.
- Obtain a Certificate of Good Standing: From your home state (if you're a foreign entity).
- Publication Requirement: Similar to the LLC process.
Do you need further details on any of these steps?
What is an Operating agreement
An Operating Agreement is a document that outlines the ownership and operating procedures of an LLC. It typically includes:
- Member roles and responsibilities
- Distribution of profits and losses
- Management structure
- Voting rights and decision-making processes
- Procedures for adding or removing members
Do you need more details on any specific section of the Operating Agreement?