Business Operations

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Frequently asked questions

When do I need to file articles of amendment?

If you need to update your company’s articles—such as changing the company name, contact information, or stock details—you may be required to file a document with the relevant state agency. Depending on the state, this is often referred to as an articles of amendment, certificate of amendment, or certificate of change. We can prepare and file the amendment on your behalf.

Who needs an operating agreement?

An operating agreement outlines the rules for a limited liability company, detailing the rights and responsibilities of its members. In many states, having a written operating agreement is a requirement for an LLC.

What are compliance calendar services?

Maintaining your company’s good standing with the government is crucial for business success. Missing filing requirements or deadlines can result in fines and penalties that may affect your operations and profits. Compliance calendar services help ease the burden of managing these critical deadlines.

What is a registered agent and why do I need one?

A registered agent is an individual or company appointed to receive legal documents on behalf of a business. Most states require corporations and LLCs to designate a registered agent, ensuring there is a reliable party to receive service of process in the event of a lawsuit.

What are annual reports?

Annual reports are documents that ensure your business’s information—such as its name, address, and managers—remains current with the state. These reports must be submitted to the Secretary of State (or another state office) annually, or in some states, every two or ten years. While the name and specifics of the reports may differ, most states require businesses to file them regularly. Failure to file can result in fines, penalties, and the potential loss of liability protection.

Do I need licenses for my business?

Chances are, you’ll need licenses to legally operate your business and comply with local, county, state, and federal regulations. The specific licenses required depend on your industry and location. It’s crucial to obtain all necessary licenses before starting your business or opening to the public to avoid fines and penalties.