Category: llc

Choosing the proper structure for your organization is a crucial step. However, many businesses will rush this step and eventually file articles with information that might require changes sooner or later. But even if that is the case, you really do not have to worry that much. Why?

Well, there are methods of making proper changes to the LLC! Making the changes is not as hard as you might have thought. And we will talk about it all in this discussion.

So, if you are wondering how do you make changes to your LLC, you would want to read til the end!

Make Changes to Your LLC? Email: sam@mollaeilaw.com Or Book A FREE Call

When Is Amendement to LLC Documents Necessary?

Before knowing about the process of making changes, you must know when changes are actually necessary. Generally, these are the cases:

Change in the Name of LLC

If you are trying to change the LLC’s legal name, you will need to file for that change. However, you should note that you can not just use the changed name before it is approved.

One of the good parts about operating as an LLC is that you can alter the terms of the company’s operating agreement by filing an LLC amendment. But that is not all that an amendment for an LLC does.

It will be possible for you to update and add to the original content of your articles. And some LLCs need to amend periodically.

But what are the steps for an amendment of an LLC? Do you need to go through too many hassles? Not really!

You just need to know the right steps! Want to know which steps are we referring to here? Well, you need to read this entire guide to find out!

Got questions? Email me at sam@mollaeilaw.com or Book a FREE Call

How Do I Amend the Articles of an LLC?

So, to amend the articles of the LLC, you need to go through these six steps:

Step 1: Determine Whether an Amendment Is Necessary

Before anything else, you should check whether the amendment is necessary or not.

It is pretty natural for people to start their businesses as sole proprietors. Most often, the reason behind starting a business with such a model is that they do not want to plan the business properly.

Instead, they just want to start selling services or products right away.

Likewise, some just do not want to go through the effort or put in the cost of incorporating unless they know that the business is viable or not.

But you know that you need to incorporate it at one point, right?

Wondering at what point should I transition from a sole proprietorship to an LLC? This discussion has the answer!

Email me at sam@mollaeilaw.com for any question or Book A FREE Call

When Should You Convert from Sole Proprietorship to LLC?

Generally, people will make the switch from a sole proprietorship to an LLC if they find the requirement of one or more factors of the following:

Limited Liability

When you are rolling with sole proprietorship, you are your business.

So, you have started an LLC and had a lot of hopes regarding the business. But at one point, you got to know the truth.

You learned that you made a mistake by forming an LLC. And instead, you should have started a Professional Corporation.

 

Now, you might be thinking, what are my options if I already have an LLC but realize I need a Professional Corporation, right?

If you have realized that you need to form a Prof Corp, your options are either C Corp or S Corp. But what are they? And how is a Professional Corp different from LLC? Read to find out!

For help, email me at sam@mollaeilaw.com and I will be happy to assist you.

What Are Professional Corporations?

Before anything else, you need to know that shareholders create corporations. And at its core, a corporation is a separate legal entity.

It is a business type where the owners will not be personally liable for the lawful debts and disputes of the company.

However, there are several types of corporations.