Operating Agreement Llc Pa: Fill & Download for Free

In order to add a foreign partner to your PA LLC, you DON’T need to change the type of registration you have.LLC’s in Pennsylvania have no residency or age restrictions - so it doesn’t matter whether your proposed foreign partner is a natural person or a business entity, such as a foreign corporation or partnership.PA LLC’s have no restriction on the maximum number of members, either.So, if you are referring to registration changes related to the state LLC filings, there is nothing to change there. However, you may wish to make appropriate changes in your core internal document, the Operating Agreement. Of course, if your LLC is currently only a 1-member LLC, you may not even have a proper Operating Agreement, and getting a proper Operating Agreement will be very important for you.IF you are referring to the federal tax election when you refer to changing your registration type, an LLC can elect to change its classification. However, note that once you’ve changed the LLC’s classification once, you can’t change it again for 5 years. (Of course, if you were a 1-person LLC, then the LLC is classified as an entity that is disregarded as separate from you.

For anyone else looking to do this, we asked LegalZoom.We didn't know if this could be done or not, so we contacted LegalZoom, and this is what they responded with. We won't be using LegalZoom to do it, but at least we know what to do now.Thank you for contacting LegalZoom for your business service needs. LegalZoom can assist in making changes to the name of your Pennsylvania LLC. This change will require you to file an Amendment with the Pennsylvania Secretary of State, as well as revise your LLC's internal Operating Agreement. LegalZoom can assist with both processes for the fees listed below:The packages vary depending on your timeframe. Once you have reviewed the pricing, click on the Get Started link and start the online questionnaire:AMENDMENT PACKAGES:Standard Package: $ 129.00 + $ 70.00 PA fee (20-35 business days)Rush Package: $ 239.00 + $ 70.00 PA fee (10-15 business days)Order Now: https://www.legalzoom.com/LZWeb/Welcome/PreSignIn.aspx?TIMESTRING=&iProcess=25Operating Agreement: $ 49.95 (2-3 business days)* Please contact a Business Formation Specialist directly to place the order for the Operating Agreement revision.Please feel free to contact a Business Formation Specialist at (888) 381-8758 with any additional questions or if you need assistance with the online questionnaire. Our Customer service hours are M-F 6:00 am-7 pm and Sat 10 am-2 pm PT.Sincerely,Katie EtheridgeBusiness Formation SpecialistLegalZoom

There are a few things you should be aware of before forming any entity type. Most people will tell you what to do, but fail to apprise you of the financial obligations that doing so create. Others will immediately chime in and repeat something they read or heard about elsewhere, as if it were the best option for you (e.g., “You must form your LLC in Delaware because of its laws”, “You should form it in Nevada, for privacy”, etc).The fact is, you should form an LLC in the state you’ll be conducting business (PA, in your case). In addition, you’ll need to file as a foreign LLC in non-PA states you do business in (which, if you’re just soliciting businesses in PA, you don’t need to do).In addition, you will have to hire a Registered Agent in your state of formation (PA, in your case), as well as in every state that you file as a foreign LLC (none, in your case). For the uninitiated (i.e., those not “in the know”), a registered agent can cost you $225 per year (assuming you use Corporate Services Company). I use RegisteredAgents.com, and prepay for 5 years of service ($299 total - about $60/year).Despite what some people may tell you, the Pennsylvania Department of State makes it clear (as do most states) that the registered agent must be a bona-fide business address that is open to the public during regular business hours (9:00 am to 5:00 pm), Monday through Friday. In other words, the registered agent must be available during business days to accept service of process, if your LLC is sued.To form an LLC in PA, you visit your Department of State website and download the Domestic LLC Certificate of Organization, fill it out, then file it and pay the $125 filing fee. From then on, you must file an Annual Report with the Department of State - at no cost to you (which is very fortunate, most states aren’t like that). In addition, it appears that every 10 years your LLC will also be subject to a $70 fee.You should receive an email or postcard from the Department of State, giving you notice regarding the Annual Report, and most states allow you to file online (the postcard has a code you type in).Some of the things others may not mention… unless you have a proper operating agreement (other than LegalZoom boilerplate) and business bank account, and are following the rules set forth in your operating agreement and the RULLCA (Revised Uniform LLC Act - which your state likely has adopted) regarding treating your LLC as a business separate from you, it won’t offer you any protection in case of a lawsuit.You can still be personally sued if the LLC commits a civil tort; that does not mean the plaintiff will prevail against you. Anyone can sue anyone, with or without good cause. You (as well as your LLC) will have to answer the complaint, and wait for the plaintiff to send out form interrogatories or schedule a deposition. At that time, you’ll be able to show that services were rendered under the LLC, and not by you personally (if… and only if… each written customer contract was made out in the name of the LLC, and your signature indicates that you are signing as the manager of the LLC (on behalf of the LLC), and not as an individual.If your LLC is sued, you will likely have to produce its books and records, including accounting records, while the other side goes on a fishing expedition to try and find examples of situations in which you co-mingled personal and LLC assets, or acted as an individual rather than an LLC. They will try to “pierce the corporate veil” of the LLC by proving that you weren’t serious about it, and didn’t run it as a separate business.Another thing to note; now that you have an LLC, you cannot appear on behalf of your LLC in court (if sued, or if suing someone). You must hire an attorney to represent your LLC, since you are just a member of it. Welcome to the world of surprises.Overall, an LLC is worth having… if you have a profitable business, or if you have substantial personal assets that need protecting. If you’re a student, then for all intents and purposes, you’re basically broke - and few clients would spend their money suing you, when you lack assets (or insurance).On another note, here’s a State LLC Chart I developed for myself (for those not in PA). It only includes certain states, because those were the ones relevant for my personal estate planning situation. Most people will be interested primarily in the “File Fee/Ann[ual] Fee” column. Note that I last updated it in 2015.