An LLC is a business structure that establishes a company as a separate entity, providing liability protection for the business owner. This means the owner(s) of the business cannot be held financially responsible for business debts or money judgments against the business as a result of legal ac...
LLC stands for limited liability company. Forming an LLC is the simplest way of structuring your business to protect your personal assets in the event your business is sued. An LLC is the most popular business structure chosen by small business owners that offers: Personal liability protection of...
An LLC is a limited liability company; it protects a business owner's personal assets. Learn the pros and cons of LLCs and how to start one.
More on that in the taxing section. The Simplest Way to Establish CredibilityForming an LLC is also the simplest way to formalize your small business and establish it as a legitimate company. You just have to file your Articles of Organization with your Secretary of State's office to ...
If your business is located in California, Delaware, Maine, Missouri, or New York, you'll need to create one of these documents and include it during incorporation — the legal process for forming an LLC. Other states don't have this mandatory requirement, but it's still a good idea to...
Among these types of business entities is an LLLP, or limited liability limited partnership. It’s a newer type of business entity that’s not as well known as some others — such as LP, LLC or LLP — but it’s still important to know about, especially for certain industries, such as...
An LLC, or "limited liability company," is a business structure that protects business owners from personal liability for the limited liability company's business debts. LLCs as a business structure are very popular, but how do you know if it's your right choice? Let's explore all that yo...
The LLC is a type of organization with all the advantages of a corporation, along with the ability to pass business profits and losses along to you personally. All the owners or the founders of an LLC are called members and they share in the benefits of an LLC structure. Individuals, ...
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An operating agreement is a legal document, essentially a contract, that outlines the internal structure of an LLC and provides details about how the business will be managed, the rights and responsibilities of each member, how members will be paid, and procedures in case of dispute among member...