LLCs do have to submit articles of organization and an operating agreement, but don't have to:
- Keep minutes
- File written resolutions
- Hold annual meetings
What is a LLC?
LLC is anacronym for limited liability company and it can be defined as a type of legal hybrid-business structure that can combine both partnership and corporation form of business, and the owners are only responsible for its debts with respect to the amount of capital they have invested.
However, it is important to note that limited liability companies (LLCs) have to submit articles of organization and an operating agreement, but don't have to:
- Keep minutes
- File written resolutions
- Hold annual meetings
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