Understanding Company Applicants and Their Role in LLC Formation

🔍A company applicant refers to an individual who files a document to create a reporting company or registers a foreign entity to do business in the United States.

💼Company applicants can be the individual who physically submits the application or the one who directs and controls the filing process.

📝Attorneys and advisors overseeing the filing process can also be considered company applicants.

🏢Company applicants do not necessarily have to be the beneficial owners of the entity being formed.

💡The business address of the company applicant is required at the time of filing the documents.

Who is considered a company applicant in LLC formation?

—A company applicant can be the individual who physically submits the application or the one who directs and controls the filing process.

Can attorneys and advisors be company applicants?

—Yes, attorneys and advisors overseeing the filing process can also be considered company applicants.

Do company applicants have to be the beneficial owners of the entity?

—No, company applicants do not necessarily have to be the beneficial owners of the entity being formed.

What information is required from the company applicant?

—The business address of the company applicant is required at the time of filing the documents.

Can registration agents be considered company applicants?

—Registration agents can either be company applicants or non-applicants based on their role in the filing process.

00:00The video discusses the role of company applicants in LLC formation.

01:25Company applicants can be the individual who physically submits the application or the one who directs and controls the filing process.

01:59Attorneys and advisors overseeing the process can also be company applicants.

02:23Company applicants do not have to be the beneficial owners of the entity.

03:07The business address of the company applicant is required for filing the documents.