Nonprofit Community Development Organization:
Acknowledging many people being affected by the lack of education, employment, property and business owner rate, Variable Enhancement services began to be more involved with the community issues. After taking a closer look at individuals and family situations, V.E.S came to the conclusion, there were even more dilemmas plaguing the American society.
The majority of the people were from single parent homes which showed to have a tremendous contribution to their situations. Admitting the responsibilities of replacing the void was left up to themselves. Individuals decided to grow up sooner than others, which led to most of them becoming young parents, young workers/hustlers, and dropping out of school.
Communities began to deteriorate and the values disappear, contradicting everything many past environmental leaders stood for and established; increasing homelessness, homicide and imprisonment percentage rate by 50%. This introduced the need for an organization with the communities’ interest to be developed, so became the creation of Variable Enhancement Services.
An LLC is an unincorporated business organization made up of one or more persons. The owners of an LLC are “members” rather than shareholders or partners. A limited liability company is formed by filing Articles of Organization with the Department of State.
Are There Any Special Responsibilities and Requirements Associated With Forming an LLC?
The members of an LLC are required to adopt a written Operating Agreement. The Operating Agreement is the primary document that establishes the rights, powers, duties, liabilities and obligations of the members between themselves and with respect to the LLC.
A copy of the Articles of Organization or a notice related to the formation of most limited liability companies must be published in two newspapers for six consecutive weeks.
LLCs are required to file a Biennial Statement updating their contact information every two years with the New York Department of State setting forth the address to which the New York Secretary of State shall mail a copy of any process accepted on its behalf.
Refer to this step by step process to form an LLC:
Create an account (Click second option 'Articles of Organization for a Domestic Limited Liability Company')
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