To protect your personal assets and avoid piercing of the corporate veil, limited liability companies need to: Create and regularly update an operating agreement. Issue membership certificates to owners. Maintain a membership transfer ledger. Hold both initial and then annual meetings of the members (and the managers, if your LLC is manager managed). Undertake annual filings required by the state of incorporation (and the state the company is doing business) in on time. Pay any filing fees and taxes. Every LLC requires a registered agent. Visit RapidRegisteredAgent.com for information about the services we provide.