An Alabama single-member LLC operating agreement is a legal document used by the owner of an LLC to establish the base rules and standards for how the company will be managed and financed. While it can be completed at any time, the form is often drafted after the Articles of Organization have been filed with the state.
The information that is spelled out with the contract serves as an invaluable tool for obtaining outside investments and loans, as well as keeping the owner clear on the standards they employed regarding introducing new members, dissolving the company, paying out distributions, and much more.
After an entity is formed with Alabama, the state requires all LLCs to file the “Initial Business Privilege Tax Return” within 2.5 months of being formed. The document is Form BPT-IN.pdf, and needs to be mailed (along with a $100 check) to:
Business Privilege Tax Section
P.O Box 327320
Montgomery, AL 36132-7320
Every year thereafter the entity’s owner will need to file Form PPT.pdf “Alabama Business Privilege Tax Return and Annual Report”, along with a $100 fee.