A good operating document includes things like what each LLC owner’s stake and relationship in the business is as well as the terms if one of them plans to exit the business. 9. Examine business insurance options in Arizona If you will be hiring employees, you need to pay workers’ ...
9. Examine business insurance options in Kansas The LLC business structure protects owners’ personal assets in the event of a lawsuit against the company. However, the LLC’s business assets need protections of their own. A well-chosenbusiness insurance policycan handle this type of asset protect...
Some states prohibit certain types of businessesfrom organizing as an LLC. This commonly relates to certain professionals, such as accountants, architects, physicians, and certain types of businesses, such as banks and insurance companies. Limitation of liability If a business is organized as a gener...
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General Liability Insurance:General liability insurance is the main coverage that protects your business from injury claims, property damage, and advertising claims. As the name implies, this is an all encompassing policy for your business and might be the only thing you need depending on what your...
Exempt businesses include those registered under the Commercial Exchange Act, public utilities, governmental authorities, insurance companies, and financial institutions. A foreign company doing business in the U.S. is also considered a reporting company and must file a BOI report. Even if a business...
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