articles of organization purpose example
this description typically only needs to be a sentence or two and briefly explains what type of business the llc is in. in contrast, other states require a specific purpose statement about the primary business activities of the llc. these codes are the classifications used by government agencies to identify industries and business activities including a purpose statement in your llc formation documents is important, particularly if legal action is brought against your business. courts may determine that a business with an unclear or unstated purpose is merely an alter ego and may seek to enforce monetary judgments against the business owner as an individual.