What are the requirements for forming a Limited Liability Company (LLC) in Pennsylvania?
To form a Limited Liability Company (LLC) in Pennsylvania, the following requirements must be met:
- Name of the LLC: The name of the LLC must include the words “Limited Liability Company,” “LLC,” or “L.L.C.” The name must also be distinguishable from the names of other entities on record with the Pennsylvania Department of State.
- Registered Agent: The LLC must appoint a registered agent who can be an individual or a business entity that is authorized to do business in Pennsylvania. The registered agent must have a physical address in Pennsylvania and must be available during business hours to receive legal notices and process service on behalf of the LLC.
- Articles of Organization: The LLC must file articles of organization with the Pennsylvania Department of State. These articles must contain the name of the LLC, the name and address of the registered agent, and the names and addresses of the LLC’s members.
- Operating Agreement: While Pennsylvania law does not require an LLC to have an operating agreement, it is highly recommended that one is created. This document outlines the ownership structure, governance, and operating procedures of the LLC.
- Business License: The LLC may be required to obtain one or more business licenses, depending on the nature of its operations and location.
It is important to note that while the above requirements are necessary to form a Pennsylvania LLC, there may be additional requirements or restrictions depending on the specific industry and location of the LLC. It is always recommended to consult with a licensed attorney to ensure compliance with all relevant laws and regulations.