Does an LLC have to hold meetings?
The answer is usually no, unless the LLC’s operating agreement requires meetings. LegalZooms operating agreements make meetings optional. This is one of the key advantages of an LLC fewer formalities, which means less paperwork and less chance that the members will inadvertently violate the law and thereby lose their liability protection. How much will it cost to operate an LLC? Each state charges some type of annual fee to maintain an LLC. In many states, you must also submit an “annual report” or “statement of information,” which is a one-page form. Some states also have state taxes. Total annual fees for three popular states California, Nevada and Delaware are as follows: California: A reporting fee of $25 and a statement of information are required 90 days after formation and then every two years. An annual LLC tax of $800 is due 75 days after formation and every year thereafter. If the LLC’s net income exceeds $250,000, there is a minimum annual LLC fee of $865. Nevada: A $165 fee
