Guam LLC Articles of Organization – Free Template
Guam LLC Articles of Organization are filed with the Department of Revenue and Taxation’s Business License Branch to form a limited liability company. The filing fee is $250, but the other filing requirements are relatively commonplace and straightforward. We provide a free template for your Guam LLC Articles of Organization along detailed explanation of requirements below.
What should I include in the Guam LLC Articles of Organization?
The requirements for Guam LLC Articles of Organization are stated in the Guam Code Annotated (Title 18, Division 1, Chapter 15) and include your Guam LLC’s name, purpose, address, registered agent, capital contributions, and more. Our Guam LLC Articles of Organization template includes eleven articles that cover the requirements laid out in §15107. Each article is explained in detail below:
Article I: Name
Your Guam business name needs to include “L.L.C.,” “L.C., “Limited Liability Company,” or “Limited Company.” You can’t use a name that’s already in use or is deceptively similar to another business operating in Guam.
Article II: Duration
Duration is how long your Guam LLC will exist. Most LLCs are perpetual, meaning they continue until they are dissolved.
Article III: Purpose
Your purpose is the primary business activity your LLC plans to engage in. In Guam, it’s sufficient to list a general purpose, such as “engaging in any lawful business in Guam.”
Article IV: Business Address and Registered Agent
You’re required to list your place of business in Guam, which should be a street address. In addition, you must list your registered agent. A registered agent accepts legal notifications, such as court summons, on behalf of your LLC. The registered agent’s address is also know as the registered office—this is the Guam street address where the agent is available during regular business hours.
Article V: Capital Contributions
Capital contributions are how members “buy in” to the LLC. Members contribute cash or assets in exchange for their ownership interest. In your articles, you’ll list the total amount of cash contributed. If any assets were contributed, you’ll need to list their agreed upon value as well, along with a short description of each asset.
Article VI: Additional Contributions
If any additional contributions are required from members in the future, include the schedule and value of these additional contributions.
Article VII: Additional Members
If additional members are permitted, include the terms and conditions by which new members can be admitted to your Guam LLC.
Article VIII: Right to Continue
You’ll need to explicitly state whether or not members are able to continue the business after a member exits the LLC for any reason (death, retirement, etc.).
Article IX: Management
Your LLC can be managed either by its members or managers. If the LLC hires or appoints one or more managers to run the business, the LLC is “manager-managed,” and you should list the names and addresses of each manager. If the members run the day-to-day operations, your LLC is “member-managed,” and you should list the names and addresses of each member.
Article X: Additional Provisions
In this section, you can add any additional provisions you’d like to include, as long as they are not inconsistent with law.
Article XI: Organizer
The organizer submits the Guam LLC Articles of Organization. The organizer can be a member or manager, or someone else you authorize. Your organizer must sign the articles.
What is the process for filing Guam LLC Articles of Organization?
Guam Articles of Organization must be printed or typewritten and include original signatures. The articles and the mandatory $250 filing fee are submitted to the Business License Branch of the Department of Revenue and Taxation:
Government of Guam
Department of Revenue & Taxation
PO Box 23607
GMF, GU 96921
This department will process your filing and issue you a Certificate of Organization. To be business-ready, however, you’ll likely need an EIN, a business bank account and a Guam business license.
Northwest LLC Services
Considering other locations for your LLC? While we offer free information and forms for starting your LLC in Guam, we offer a variety of LLC services elsewhere. We form LLCs in all 50 US states, the District of Columbia and Puerto Rico for only $100 plus state fees. We also provide industry-leading registered agent service in these locations for $125 a year.