State Specific LLC Forms

A limited liability company is a hybrid between a partnership and a corporation. Like limited partnerships and corporations, the limited liability company has a separate legal entity from its "members."

An LLC does not exist indefinitely. Traditionally, the articles of organization must specify the date on which the Limited Liability Company's existence will terminate. However, many states now allow an LLC to have a perpetual existence. Unless otherwise provided in the articles of organization or a written operating agreement, an LLC is dissolved at the death, withdrawal, resignation, expulsion, or bankruptcy of a member (unless within 90 days a majority in both the profits and capital interests vote to continue the LLC).