Posts Tagged ‘Compliance’

The Life-Cycle of an LLC

Tuesday, December 2nd, 2008

1. Formation

First, an LLC is Formed. The state jurisdiction in which the LLC is Formed is called its “Primary” or “Domestic” jurisdiction.

2. Qualification

Next, the LLC is immediately Qualified to Do Business in all the jurisdictions in which it will be operating. The jurisdictions in which the LLC is Qualified are called its “Secondary” or “Foreign” jurisdictions.

3. Registered Agent

As a part of the acts of Formation and Qualification, the LLC appoints its Registered Agents, who physically reside within the borders of each of its jurisdictions. Registered Agents are appointed to receive important documents such as Services of Process when the LLC is a party in a legal action such as a lawsuit.

4. Annual Maintenance

According to the requirements of each jurisdiction, the LLC must typically file Annual or Biennial Reports, and remit fees to the Secretaries of State in each of its jurisdictions.

5. Cancellation & Withdrawal

Finally, if an LLC is no longer to be used, it is Cancelled in its Domestic jurisdiction and Withdrawn in all of its Foreign jurisdictions.

Welcome to Sabre’s LLC and Corporation Services Blog

Friday, November 21st, 2008

Welcome to Sabre’s Corporate Compliance blog.  A big thanks goes out to the Coeur d’Alene blog designer who set this all up for us, as well as the Coeur d’Alene programmer who certified that our website is free from malicious programming, and the Coeur d’Alene webdesign and SEO group with whom we consult on a regular basis!  You have been a huge help.

This blog will be like Sabre’s newsletter – we will talk about Frequently Asked Questions, Corporate Compliance news, TIC/1031 Industry news, company news, and more.  You can subscribe to this bog with an RSS reader of any kind, or by email (please see the information in the bottom of the sidebar on the right).  Feel free to leave us questions or comments!