First, the name of an LLC must contain the words “Limited Liability Company” or “LLC” or “L.L.C.” Second, the name of the LLC must be different from the names of other LLC companies, corporations or limited partnerships, which are registered with the Department of Foreign Affairs. Third, section 204 of the Limited Liability Act contains a list of words and phrases prohibited or limited in the name of an LLC. In addition, certain words and formulations require the agreement or approval of other public authorities before the statutes are submitted to the Ministry of Foreign Affairs. We prepare the statutes to create your business and we insert them. We prepare your change from the registered agent and insert them. As part of the transfer of your registered agent service to us, we create and submit your change form free of charge; However, they remain responsible for the state change tax. Below, you will find a brief description of the different forms in which a company can organize itself in accordance with the law of Indiana. Warning: the formal organization of a company has both great advantages and legal consequences. Caution should be exercised when deciding what form of business they are using and how the business is operated.
The business sector is eager to help, but cannot offer legal advice. It is strongly recommended to contact a lawyer for additional advice. The department reviews certification applications, provides advocacy services and training opportunities, and oversees state compliance contracts. Note: NONPROFIT CORPORATIONS: Before submitting or finalizing the status, you must first contact the IRS. The IRS recognizes and makes the exempt status available to a non-profit company only if it meets certain criteria and guidelines. The IRS publishes a useful brochure in this process: “Tax Status for Your Organization” Publication #557. This publication can be sent to 800-829-3676 or when writing at your local IRS Form Distribution Center: IRS; Cincinnati, OH 45999. The following formal professional associations request the submission of organizational documents to the Division of Corporations of the Secretary of State: We are beginning to check if your desired name is available for booking means with your Secretary of State (or other business divisions in your country). Then we prepare the name reservation for you and we insert you.
The M/WBED Compliance Director conducts random audits of public contracts to ensure that participation targets are met. In addition, they will address concerns arising from contractual relationships. The Ministry of Administration has the power to impose sanctions on contractors who are in a situation of non-compliance. To create a not-for-profit corporation, the statutes must be filed. The statutes must contain the following elements: (IC 23-17-3-2) According to its original organisation, a formal professional association must continue to meet certain legal requirements. New York recognizes many forms of activity, including limited liability (Limited Liability Company, Corporation, Limited Partnership, individual companies, general partnership and other lesser-known forms). Each has its own pros and cons. For each particular risk, personal and business circumstances determine the business form of choice.
The Department of Foreign Affairs cannot provide advice on the choice of form and strongly recommends consulting legal and financial advisors before the election. The formation of an LLC must be carried out after careful analysis.