Perhaps the main difference between enterprise agreements and statutes can be summarized as follows: the legal obligation to submit by statutes depends on the type of business you own. For example, LCs are not legally required to submit statutes, but it is strongly recommended that they have an education certificate. On the other hand, each company is legally obliged to file by statutes with the state. A statement that the agreement complies with your state`s LLC laws and that the company will be in existence as soon as the official LLC documents have been filed with the state. As in the case of a business agreement for an LLC, a company`s statutes determine how the board governs a company. As a general rule, there are legal requirements that must be included in the statutory provisions, how the minimum and maximum number of directors can be convened at any time, or how shareholder meetings and special meetings can be convened (at Washington State, for example RCW 23B.02.060 establishes statutory requirements), but in addition to statutory provisions). , a company may contain many other guidelines for the management of the business. Again, depending on the complexity of the business, or if the company expects to have many shareholders, the statutes can be simple or extremely complex. Contact us to ask for our incorporations and services for small businesses. LCs offer some of the same benefits as businesses, for example.B. Protection from personal liability for commercial debts and lawsuits. Unlike companies, they do not allow the simple sale of stakes, making them unsuitable for companies considering outside investors.

Before submitting a legal document, check your state`s rules and regulations. In some states, statutes are used interchangeably with organizational articles. Here`s an article on the benefits of a business.