LLCs offer a simple, adaptable corporate structure perfect for businesses of any size. More importantly, they give protection from liability and control over finances. That said, they suit some business models more than others. So, before creating an LLC, you should weigh the pros and cons. B...
business debt and lawsuits. While LLCs are fairly lightweight compared to other corporate structures, paperwork and taxes are more cumbersome as an LLC than they are as a sole proprietor. There are also filing fees associated with forming an LLC. Sole proprietorships don’t have this overhead...
LLCs are often the right choice A limited liability company (LLC) is a popular option when a startup chooses a business legal structure. An LLC is flexible, giving you taxation options and flexibility in the number of owners allowed. However, an LLC’s most compelling quality is its ability...
A registered agent (also known as a resident agent or statutory agent) is a professional service, yourself, or a colleague that accepts tax and legal documents on behalf of your business. LLC registered agent is one of the fundamental requirements when you form an LLC. The agent can be an...
If you’re planning to an Online Business, starting an LLC for your Online Business should be the first thing on your mind. There are a lot of things to think about when starting an online business, and one of the most important is deciding what legal structure to use. Here, a Limited...
A limited liability company, commonly referred to as an LLC, combines the taxation benefits of a partnership with the limited liability of a corporation. Instead of partners, LLC business owners are called members, and there can be several, or a single member. State law governs LLCs, and dep...
(LLC) is a business entity that can be created to be operated and managed as a separate entity from its members (owners of LLCs are called members). That is to say, an LLC can acquire assets and apply for loans, bid for contracts, and be sued in court in a manner that ensures ...
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With an LLC, a business continuation agreement can be used to ensure the smooth transfer of interests when one of the owners leaves or dies. Without such an agreement in place, the remaining partners must dissolve the LLC and create a new one. What Is a Limited Liability Company? A limited...