In a manager-managed LLC, the administrative power is allocated to one or more specific managers who could be certain member/s or be hired from outside the company. Therefore, it is a more convenient and professional way to handle the day-to-day affairs of a company. Moreover, in LLCs ...
Series LLC vs Professional LLC:Professional LLCis a type ofLLCthat provides limited liability protection to business owners in licensed professions such as accountants, lawyers, doctors, etc. While in aseries LLCmultiple companies or lines of business are registered under a master LLC where each bus...
LLCs cannot issue stock to attract investors, which is a key difference between LLCs vs. S corps and other corporation types. Establishing an LLC outside your resident state (known as a “foreign” LLC) can incur annual fees and require hiring a registered agent. Pros and cons of an S...
Certain professionals, such as lawyers, accountants, and architects, may be required to form a Professional LLC (PLLC) instead of a standard LLC. A PLLC follows the same principles as a standard LLC but must comply with state regulations governing professional services. Additionally, some industries...
Pros and Cons How To Start an LLC Cost To Set Up an LLC Next Steps Alternative Business Structures FAQ Learn More If you want to establish a business in North Dakota, registering a limited liability company (LLC) can be a smart move. This business structure provides personal liability protect...
Series LLCs: Pros and Cons of a Growing TrendFROM THE TAX ADVISER
Explore the key differences between an LLC and Corporation. Find out which entity best fits your business based on liability, taxes, management, and ownership.
Pros and Cons to Running an LLC from Home By HBS Monday, May 26, 2025 Most people love the idea of working from home - but is it a good choice to run your LLC from home? Here are the pros and cons to running an LLC from home... Read More Share:...
LLCs give you the flexibility of a partnership with the liability protection of a corporation. Learn about the pros and cons of forming an LLC here.
A professional LLC (PLLC) is formed by professionals, usually those requiring a special license, like lawyers or dentists. Arizona also allows foreign LLCs, an LLC that has been formed in another state and now wants to register to do business in Arizona. When should I start an LLC in ...