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Maryland 5 years) Change of Address of Registered Agent (mandatory) Articles of Dissolution (mandatory, if applicable) Any other required state forms rvation of Limited Liability Company Name (if desired) Articles of Organization (mandatory) Amendments to Articles of Organization (mandatory, if applicable) Company Reports (mandatory, but only every compensation requirements Check insurance requirements Prepare company accounting ledgers Prepare company record book (looseleaf binder) LLC Document Filing Checklist ­ Maryland Application for Resereement If desired, have attorney review Articles of Organization prior to filing Review tax impact of organization with an accountant Check state tax, employment, licensing, unemployment, and workersormation Complete Pre-Organization Worksheet Check annual fees and filing requirements Reserve company name, if desired, by filing with the state. Prepare Articles of Organization Prepare Operating Ag_____________________________________________________________________ LLC Pre-Organization Worksheet 4 LLC Pre-Organization Checklist ­ Maryland Write state limited liability company office for inf): _______________________ ______________________________________________________________________________ Amendments to Operating Agreement (majority/%/unanimous?): _________________________ ____________________________________________________________ Termination of limited liability company: ____________________________________________ Amendments to Articles of Organization (majority/%/unanimous?_________ Expulsion of members: __________________________________________________________ Insurance needs: ________________________________________________________________ New members: ______________y ________________________________________ ________________________________________ ________________________________________ Transfer of membership interests: ____________________________________________________________________________________________________ Salaries of members: Name ___________________________________ ___________________________________ ___________________________________ Salaraccrual?): ________________________________________________ Financial authority : Name ___________________________________ Authority to Do ________________________________________ Loans to members: ______ Required vote for members actions: (majority/%/unanimous?): __________________________ Fiscal Year: ___________________________________________________________________ Accounting type (cash or greement Required quorum for members meetings: ____________________________________________ Annual members meeting: Place ______________________________________ Date ____________________ Time _______________________________________________________________ Is qualification in other states necessary? ____________________________________________ LLC Pre-Organization Worksheet 3 Company Operating A__ Proposed date of first members meeting: ____________________________________________ Proposed bank for company bank account: ___________________________________________ Cost of organization: _____Losses ________________________________________________ ________________________________________________ ________________________________________________ ________________________________________________________________________________ __________________________________________ __________________________________________ __________________________________________ Proportionate Share of Profits and __________________________ Distribution and retention of profits and losses: _______________________________________ Initial indebtedness: $ _________________ Management of the company: Name ________te Share of Profits and Losses ________________________________________________ ________________________________________________ ________________________________________________ ______________________nd losses: Name __________________________________________ __________________________________________ __________________________________________ __________________________________________ Proportiona__ _________________ _________________ _________________ Value _________________ _________________ _________________ _________________ _________________ _________________ Members' share of profits a___________________________ _____________________________________ _____________________________________ _____________________________________ Value _________________ _________________ _________________________________ _____________________________________ ________________ ________________ Cash/Property/Services _____________________________________ _____________________________________ ______________ Cash/Property/Services _____________________________________ _____________________________________ _____________________________________ _____________________________________ ____________________________ ____________________ Additional contributions: $ Date when due: Name ____________________ ____________________ ____________________ ____________________ ____________________ ________________tment total: $ ________________ Date when due: ________________ LLC Pre-Organization Worksheet 2 Name ____________________ ____________________ ____________________ ____________________ _________________________ Limited liability company's registered agent and office address: __________________________ ______________________________________________________________________________ Initial inves________________________ _____________________________________ _____________________________________ Phone _________________ _________________ _________________ _________________ _________________ ____ ____________________ ____________________ ____________________ Address _____________________________________ _____________________________________ _____________________________________ ________________________________ Number of proposed members: ____________________________________________________ Proposed members of the company: Name ____________________ ____________________ ______________________________________ ___________________________________________ _________________________________ ___________________________________________ _________________________________ ______________________________________________________ Proposed date to begin company business: ___________________________________________ Names and addresses of those who will act as organizers: Name Address ____________________ Patents/copyrights/trademarks: ____________________________________________________ Organization Matters State of organization: Maryland Company existence (limited or perpetual?): _____________________________________________________ ______________________________________________________________________________ State/local licenses required: _______________________________________________________________________ ______________________________________________________________________________ LLC Pre-Organization Worksheet 1 Type of Business Purpose of limited liability company: __________________________________________________________________ Other places of business: _________________________________________________________ ___________________________________________________________________ ______________________________________________________________________________ Ownership of principal place of business (own or lease?): _______________________________ _______________________________________________________________ ______________________________________________________________________________ Description of principal place of business: ________________________________ __________________________ __________________________ __________________________ __________________________ __________________________ Location of Business Address of principal place of business: ___________ Address ________________________ ________________________ ________________________ ________________________ ________________________ ________________________ Phone ___________________________ Parties Involved in Forming the Limited Liability Company Name _______________________ _______________________ _______________________ _______________________ _______________________ _____________________________________________________ Alternate choices: _______________________________________________________________ ____________________________________________________________________________ent: Department of Assessments and Taxation Charter Division 301 West Preston Street, #809 Baltimore, MD 21201 Proposed Name of the Limited Liability Company First choice: ___________________________ility company will amend its Operating Agreement. Instructions for LLC Pre-Organization Worksheet 4 LLC Pre-Organization Worksheet ­ Maryland Name/Address of State Limited Liability Company Departmre should be the determination of how the limited liability company will amend the Articles of Organization. Amendments to Operating Agreement: Here should be the determination of how the limited liabpany: How will the company end? Here list any considerations relating to the dissolution of the limited liability company that you may wish to be considered. Amendments to Articles of Organization: Heide the members with life and/or disability insurance. New members: Will new members be allowed in the company? Here note the terms and conditions for their entry. Termination of limited liability comer this heading, consider the types of insurance that you will need, ranging from general casualty to various business liability policies. Also consider the need for the members or the company to provnot at all" to "freely" or may be unanimous or majority consent of the other members. Expulsion of members: Here you should consider the terms and conditions for the removal of members. Insurance: Und this listing, a decision should be noted as to whether and how members are to be allowed to transfer their ownership interests in the limited liability company to third parties. This may range from "ns for LLC Pre-Organization Worksheet 3 Salaries to members: Here you should decide if the members will earn a salary for their work on behalf of the company. Transfer of membership interests: Undere, or sign documents in the name of the limited liability company. Loans to members: In this item, decide if you wish the company to have the ability to make loans directly to its members. Instructioould be chosen in advance. Please consult with a competent accounting professional. Financial authority: Here list the authority of each proposed member to sign checks, borrow money in the company name can be set higher and can be made to be unanimous. Fiscal year and accounting type: For accounting purposes, the fiscal year and accounting type (cash or accrual) of the limited liability company shres of the limited liability company that must vote in the affirmative in order to officially pass any member business. This is normally set at a "majority" (more than 50 percent), although this figurlace of the annual members meeting should be specified. Required vote for member action: Once it is determined that a quorum of members is present at a meeting, this is the percentage of ownership shating in order to officially transact any company business. This is normally set at a "majority" (over 50 percent), although this figure can be set higher. Annual members meeting: The date, time, and p advised to consult a competent business attorney. Required quorum for members: This is the percentage of ownership of shares in the limited liability company that must be represented at a members meelimited liability company from another state is referred to as a "foreign" limited liability company. If you desire that your limited liability company qualify for activities in another state, you aren, it is necessary to "qualify" the limited liability company in that state. This generally requires obtaining a Certificate of Authority to Transact Business from the other state. In this context, a ny other direct costs of the organization process. Out-of-state qualification: If the limited liability company desires to actively conduct business in a state other that the main state of organizatiole is available at the web address listed above). This cost should also reflect the cost of obtaining professional assistance (legal or accounting); the cost of procuring the necessary supplies; and arm, which will be signed by the members at the first members meeting. Cost of organization: The state fees for organization in Maryland is a filing fee of $100. (Please note that a complete fee schedu adopted Proposed bank for company bank account: In advance of organization, you should determine the bank which will handle the company accounts. Obtain from the bank the necessary bank resolution foC Pre-Organization Worksheet 2 Date of first members meeting: This will be the date proposed for holding the first meeting of the members, at which the company Operating Agreement will be officiallye business is to be managed by members only, or members and managers, or managers only, note the decision here. Also note who will actually comprise the management of the company. Instructions for LLcompany will distribute its profits and losses to each partner. If the company will retain a portion of the profits for reinvestment, note that here. Management of the limited liability company: If thistributed to the members. This may, but need not, be based on the amount of the contributions of the members to the company. Distribution of profits and losses: Here decide how the limited liability the limited liability company, please list it here. Share of profits and losses: Under this heading is noted how the members decide in what proportions the profits and losses of the business will be dtributions by members: If there are to be planned additional member contributions of money, services, or property, list them here. Initial indebtedness: If there is to be any initial indebtedness for ll be in exchange for ownership interests in the limited liability company. This is also referred to as "paid-in capital." List also the dates on which the contributions are to be made. Additional cons the registered agent. Initial Investment: This figure is the total amount of money or property that will be transferred to the limited liability company upon its beginning business. This transfer wiy). The person need not be a member of the limited liability company. The registered agent need not be a lawyer. Normally, the main owner or the attorney of the limited liability company is selected a require that a specific person be available as the agent of the limited liability company for the service of process (that is: to accept subpoenas or summons on behalf of the limited liability companiability company's registered agent and address: Here you should list the name and actual street address of the person who will act as the registered agent of the limited liability company. All statesshould list the names and addresses of the proposed members of the company, although in Maryland, it is not required that these names and addresses be stated in the Articles of Organization. Limited la natural person. Number of members: In Maryland, the minimum number of members for a limited liability company is one. Members may be natural persons or business entities. Proposed members: Here you delayed to a date stated in the Articles of Organization. Organizers: This should be the person (or persons) who will prepare and file the Articles of Organization. In Maryland, an organizer must be e organizers of your limited liability company will continue to be legally liable for any business conducted on behalf of the proposed limited liability company. In Maryland, the effective date may beited liability company to begin its legal existence. Until this date (actually, until the Instructions for LLC Pre-Organization Worksheet 1 state formally approves the Articles of Organization), thre perpetual (forever) or limited to a certain length. In virtually all cases, you should choose perpetual. Proposed date to begin company business: This should be the date on which you expect the limy, they should be noted here. State of organization: In general, the limited liability company should be organized in the state in which it will conduct business. Company existence: The choices here ag the types of licenses required for your locality and business type. Patents/copyrights/trademarks: If patents, copyrights, or trademarks will need to be transferred into the limited liability compannally, certain types of businesses will require health department approvals, state board licensing, or other forms of licenses. If necessary, check with a competent local attorney for details regardinyour type of business. Most states require obtaining a tax ID number and a retail, wholesale, or sales tax license. A Federal tax ID number must be obtained by all limited liability companies. Additiocribing the main activity of the business; for example, "to conduct any and all lawful business." State/local licenses required: Here you should note any specific requirements for licenses to operate limited liability company is homebased, this address should be the home address. Purpose of limited liability company: All states provide for the use of an "all-purpose" business purpose clause in dese planning stages of the limited liability company. Principal place of business: This must be the address of the actual physical location of the main business. It may not be a post office box. If the iability Company" or the abbreviations "LLC," "L.L.C.," "LC" or "L.C." Parties involved: This listing should provide the names, addresses, and phone numbers of all of the people who are involved in thy explain the business of the limited liability company through the choice of name. In Maryland, a company name may be reserved for 30 days for a fee of $25. The name must contain the words "Limited Ls often crucial to the success of a limited liability company. The name must not conflict with any existing company names, nor must it be deceptively similar to other names. It is often wise to clearlation will save you time and trouble. Please note that you can also download state forms and fee schedules at http://www.dat.state.md.us/sdatweb/sdatforms.html. Company name: The selection of a name i information on organization of a business limited liability company in the State of Maryland, as state laws and fees charged for organization are subject to change. Having the latest available informganization Worksheet - Maryland Address of state limited liability company department: The address is listed on the Worksheet. You should write to this department immediately, requesting all availableliability, or tort (including negligence or otherwise) arising in any way out of the use of these materials. An attorney should be consulted for all serious legal matters. Instructions for LLC Pre-Org, but not limited to, procurement of substitute goods or services; loss of use, data, or profits; or business interruption) however caused and on any theory of liability, whether in contract, strict partners, or affiliates, or ii) the providers, authors or publishers of the forms, be responsible or liable for any direct, indirect, incidental, special, exemplary, or consequential damages (includinties of merchantability, suitability or completeness for any of the materials for your particular needs. The materials are used at your own risk. In no event will: i) FindLegalForms, Inc, its agents, The purchase and use of these materials is subject to the "Disclaimers and Terms of Use" found at findlegalforms.com. These materials are provided "AS-IS." We do not give any express or implied warranary of State or visit their website at http://www.sos.state.md.us. Disclaimer No Attorney-Client relationship is created by use of these materials. FindLegalForms, Inc. does not provide legal advice. re-Organization Checklist Document Filing Checklist Note: Please note that the state specific information provided in this packet may change. To ensure its accuracy, please contact your state's Secret of the company with vital support for later decisions that may be required. Included in this kit are the following: Instructions for completing Pre-Organization Worksheet Pre-Organization Worksheet Pt problems of company management in advance. The use of a written worksheet will also provide all persons involved with a clear and permanent record of the information. This may provide the principalssions regarding the questions of voting rights, distribution of profits, amounts of contributions, and other management decisions often will enable potential associates to resolve many of the difficulmong the persons who are desiring to form the limited liability company. Often, conflicts and demands are not known until the actual process of determining the company's structure begins. Frank discusty company's purpose, structure and governance prior to organization within the State of Maryland. The process of preparing this worksheet will also help uncover any potential differences of opinion aInformation LLC Pre-Organization Kit ­ Maryland Provided under agreement with copyright holder, © Nova Publishing Company 2004 This kit provides tools for determining the details of a limited liabili Maryland