09/02/2026
You registered the business with the state.
Your name appears in the public record.
So you own the company… right?
Not necessarily.
Forming an LLC or corporation and properly documenting who owns it are not always the same thing.
Being listed as an organizer, incorporator, manager, officer, or registered agent may tell part of the story—but it may not establish how much equity you actually own.
That distinction may not seem important when the business is just getting started.
It becomes very important when:
A co-founder leaves.
An investor asks for the cap table.
The company becomes profitable.
Someone wants to buy the business.
Or two founders suddenly remember their original deal very differently.
The state filing creates the entity. Your ownership documents help establish who owns what.
Read our latest article: 🔗https://www.startsmartcounsel.com/resource-center/you-registered-the-business-with-the-statebut-do-you-actually-own-it-why-business-formation-and-equity-ownership-are-not-the-same-thing