Articles of Organization (Tennessee)

The legal template "Articles of Organization (Tennessee) under USA law" refers to a standardized document that outlines the necessary information and requirements for forming a limited liability company (LLC) in the state of Tennessee, in accordance with the governing laws of the United States.

The Articles of Organization are a crucial component in the LLC formation process, serving as the official document that establishes the legal existence of the business entity. Within the template, various sections will cover significant aspects of organization, including but not limited to:

1. Company Information: Here, the template will typically prompt details about the LLC's official name, registered agent's name and address, principal office location, effective date of formation, and the duration of the LLC.

2. Purpose of the LLC: This section will articulate the primary objectives or activities that the LLC will engage in, providing a clear indication of the LLC's intended business operations.

3. Members: The template will require information regarding the initial members (owners) of the LLC, including their names, addresses, and the number of ownership units (membership interests) they hold.

4. Management Structure: If the LLC is manager-managed, this section will establish the roles and responsibilities of the managers. In contrast, if member-managed, it will detail the authority and decision-making powers held by the LLC's members collectively.

5. Registered Agent: This section will identify the designated individual or entity responsible for accepting legal documents and official correspondence on behalf of the LLC.

6. Liability Limitation: An LLC offers personal liability protection to its members, and this section will state that the LLC's members are not personally liable for the company's debts or obligations beyond their initial investment.

Once completed, the Articles of Organization must be properly filed with the Tennessee Secretary of State or equivalent office, along with any required filing fees. This template serves as a helpful starting point for ensuring the incorporation process complies with both the legal requirements of Tennessee state law and the overarching regulations governing LLC formation in the United States.