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Summary of New Company Document Requirements
| Business Corporation | Limited Liability Company (LLC) | |
|---|---|---|
| Formation | Certificate of Incorporation, or Articles of Incorporation | Articles of Formation or Articles of Organization |
| Governance | Organizational Minutes and bylaws optional: shareholder agreement | Operating Agreement |
| Ownership | Share Certificate for each shareholder | Member Certificate for each Member |
| Tax | IRS Form SS4 – Application for Employer Identification Number | |
| Due Diligence | Federal Law prohibits certain nationals (Iranians, North Koreans, Cubans, for example, from owning US assets including US companies. | |