Annual Report

Each limited liability company shall file an annual report that lists:

  • The LLC name
  • The LLC’s current principal office address
  • The name and respective business and residence addresses of a manager or a member of
  • The LLC unless good cause (a showing that public disclosure of a residence may pose a personal
  • Security risk to such manager or member) is shown such that the only the business address is necessary


Each limited liability company shall keep following records open to inspection at its office:

  • A current and a past list, setting forth in alphabetical order the full name and last known mailing address of each member and manager, if any
  • A copy of the articles of organization and all amendments thereto, together with executed copies of any powers of attorney pursuant to which the articles of amendment have been executed
  • Copies of the LLC’s federal, state and local income tax returns and financial statements for the three most recent years or, if such returns and statements were not prepared for any reason, copies of the information and statements provided to, or which should have been provided to, the members to enable them to prepare their federal, state and local tax returns for such period
  • Copies of any effective written operating agreements, and all amendments thereto, and copies of any written operating agreements no longer in effect
  • Other writings, if any, prepared pursuant to a requirement in an operating agreement
  • A writing or writings setting forth the amount of cash, if any, and a statement of the agreed value of other property or services contributed by each member and the times at which or events upon the happening of which additional contributions are to be made by each member, and any such writings on file shall constitute presumptive evidence as to the value of the member contributions described therein


Acts Triggering Dissolution

Unless otherwise provided in the articles or a written operating agreement, a limited liability company is dissolved upon the happening of any one of the following events:

  • At a time or upon the happening of an event specified in the articles or operating agreement 
  • Unless otherwise provided in writing in the articles of organization or operating agreement, upon the affirmative vote, approval or consent of at least a majority in interest of the members
  • Entry of judicial order