The Llc : Flash Presentation
Not All Llcs Are The Same
Are all corporations the same? Are all LLCs the same? No.
The wording of the Articles of Organization of the LLC creates the LLC when filed with the Secretary of State. The Articles of Organization spell out whether it’s a manager-managed or member managed LLC.
The state of choice means a great deal because it determines how secure the benefits really are. A Nevada LLC or a Wyoming LLC is extremely secure in terms of the charging order protection.
The operating agreement determines what everyone can and cannot do (manager, members, and LLC), and how it’s done.
The operating agreement validates that you did something right, such as bringing in another member, issuing member certificates, or selecting the manager of the LLC.