Posts Tagged ‘limited liability companies’

Location of Filing Financing Statements for Registered Organization

Wednesday, March 3rd, 2010

Revised Article 9 makes it clear that financing statements are to be filed at the “location” of the debtor.  A debtor’s “location” is dependent upon the type of debtor.  One type of debtor is entities that are registered organizations under the laws of a particular state.  Examples of registered organizations are corporations, limited liability companies, limited liability partnerships, limited liability limited partnerships, and limited partnerships.  Generally speaking, partnerships do not have to register with states in order to be formed and therefore are not registered organizations under Revised Article 9. (more…)

Authorized Signators for LLC’s

Friday, August 28th, 2009

Limited liability companies are no longer a new concept to  most in the business world.  A document known as the operating agreement sets out the corporate governance for LLC’s.  It is generally either set forth that the limited liability company is to be managed by its members, or an individual or company has been designated as a “manager.” (more…)