Business Law

An S corporation and an LLC are considered separate legal entities.Both entity types will limit the personal liability of the owners for business obligations. S corporation shareholders and LLC...

Those looking to form a business must first determine the type of company they wish to form. There are many types, but a Limited Liability Company (LLC) is a good choice for many small-business...

In the eyes of the law, an LLC is an individual entity. In order to ensure this entity is properly maintained, it is highly recommended to have an attorney draft the necessary establishment documents.

Two popular business entities are Limited Liability Companies (LLC) and S Corporations. Both offer liability protections and pass-through features for income that business owners find attractive....

Since just about every state requires its members to be listed on filing documents that are in the public record, it is very easy to locate the members of an LLC. In most states, this information...

Because a limited liability company (LLC) is not officially recognized by the federal government as an entity, forming an LLC provides a farm with the option of filing federal taxes as a...

Limited liability companies have become the business form of choice in America, primarily because they are easy to create, easy to administer, and they provide legal liability protection to the...

A limited liability corporation, most commonly referred to as an LLC, is one of the most popular forms for new businesses. An LLC offers strong personal protection to the entrepreneur while...

A limited liability company or LLC, is like a corporation since it is a distinct legal entity. An LLC can get a tax ID number, open accounts, do business under the name of the LLC. The advantage...

A business can be organized as a partnership or a corporation. To protect personal assets, businesspeople have the option of creating entities that limit liability, including a limited liability...

When seeking to establish a business, one must make various evaluations and considerations. One of these issues includes the type of business form such as the LLC or PC.

The limited liability company (LLC) has become the most widespread vehicle used by those pursuing investment or entrepreneurial activities, according to Tricia Davis of the Bernstein Law Firm...

Entrepreneurs who like the diversity of having several businesses under one roof but prefer limited debt and tax liability have a business-type option. The multiple-business limited-liability...

Half of all new small businesses go under within five years, according to the United States Small Business Administration. When an LLC fails, many owners want to walk away from the situation...

In 1993, Michigan joined the vast majority of jurisdictions when its legislature enacted the Michigan Limited Liability Company Act (LLC Act). The LLC Act allowed individuals additional...

A limited liability company (LLC) is a type of business entity having characteristics of both a partnership and a corporation. Business owners seeking to limit their personal liability for...

A Limited Liability Company (LLC) is a form of business organization created by law to give business people a way to avoid high taxation and extra liability. It also gives its members a high...

A limited liability company, or LLC, is a hybrid type of corporate entity that includes some of the features of corporations. Thus it's not a coincidence that the two have many similarities. Of...

A Texas Limited Liability Company (LLC) is neither a partnership or corporation. Instead, it is a unique legal entity that combines the advantageous characteristics of both. The LLC structure...

A limited liability company (LLC) is owned by members. The structure of an LLC is framed by state statutes, but is largely determined by the governing documents of the individual entity....

A limited-liability company, or LLC, is a business structure that allows the members of a company to limit their liability to the amount they invest in the company. It also allows the members to...

In this article you will learn how to form a Louisiana Limited Liability Company. This will legally separate your business from your personal financial life.

Setting up an LLC in the State of Washington is very simple. However, there are a set of steps that you must perform in a specific order in order to complete this process. Before setting up any...

Limited liability companies are legal business structures that take on some characteristics of corporations and some characteristics of partnerships. Limited liability companies are created under...

An individual can easily form a limited liability company or professional LLC with minimal assistance. In today’s’ world lawsuits are very common place. Individuals in business, whether large or...

An LLC, or limited liability corporation, for investments is an important step for all investors. LLCs provide four important consolidations: clarity of ownership, liability of risk is moved from...

If you have already decided that you want your new business to operate as a Limited Liability Company (LLC), there are additional steps you must take in order to start operating as a new LLC. If...

One of the first questions a new business owner must address is the structure the business will take. How will it be organized under the law? A limited liability company is a hybrid business...

You want to start your own business, or maybe you are a sole proprietor, and want to avail yourself of the advantages found in other business structures. This article assumes that you have already...

Forming a LLC, or limited liability company, requires contacting the Small Business Administration to find out what type of licenses and registrations are needed to be filed. File state articles...

When forming an limited liability company, be sure to choose a business name that complies with a state's LLC laws. Register a fictitious business name in a newspaper before forming an LLC with...

When starting a business, there are a number of options you can take: a sole proprietorship, a limited liability corporation (LLC) or a limited liability partnership (LLP). The LLC and LLP are...

The advantages of a limited liability company (LLC) and a limited liability partnership (LLP) are similar, but it is important to note that these two types of business organizations are actually...

Incorporating a small business as LLC is a lot of easier than you think, you can do it your self. Depending on which State your are you can do it with less than $100.00.

A Limited Liability Company, or LLC, provides the owner or owners of a business with the advantages of limited liability, and the benefits of pass-through taxation without the issues or...

Unlike a Sole Proprietorship or a Partnership, in which the owners are personally liable for business debts, a Limited Liability Company, like a Corporation, protects the owners from personal...

An LLC is a limited liability company, which limits the liability you personally have if someone sues your company. It's also easier to form than a corporation and benefits from pass-through...

When you decide to form a company you may begin wondering whether it's better to incorporate your business or form a Limited Liability Company (LLC). It's important to know whether your decision...

Completing an LLC minutes form is just one of many things you need to do at least once a year to maintain your company's status as an LLC. Filling it out properly sometimes requires the help of...

Part of the reason people choose to forms LLCs, or limited liability companies, is to shelter their personal finances from the liability associated with their business. Either manage this process...

Almost all states require LLCs to submit at least one LLC minutes form annually. This document lists any important changes and transactions in your limited liability company throughout the year....

The main advantages of a limited liability company—as opposed to a sole proprietorship or partnership—are those implied in the title itself: In case of litigation and ensuing debt, the pursuer can...

Companies that would otherwise start up as a sole proprietorship, partnership or corporation can opt to become a limited liability company (LLC). However, it's essential to understand the...

Based on a business model popular in both Germany and parts of Latin America, the LLC, or Limited Liability Company, has become a common organizing principle in American business. Used often by...

A limited liability company (LLC) is a type of business arrangement that affords small businesses some of the benefits that large corporations enjoy. Instead of starting a small business as a sole...

A limited liability company (LLC) is a business entity that provides business owners relief from personal liability of debt, just like a corporation. For tax purposes, however, the LLC can be...

A limited liability company (LLC) is one that affords its members limited liability against company debt. Originally imported from Europe and Latin America, the concept of LLCs has provided a...

One of the biggest risks of starting a small business is losing all of one's personal assets if the business incurs debt. The solution in recent years has been the limited liability company (LLC)....

A limited liability company (LLC) has the benefit of being treated like a corporation when it comes to having no personal liability in the face of litigation or other debt-related issues. When it...

To determine if your business is eligible to become a limited liability company, it's essential to understand why people choose this business model. The limited liability company, or LLC, is used...