lthough you can use your favorite state’s website to get your operating agreement, LLC formation requires some thinking. There are a number of “blanks” on the operating agreement form. How do you fill them out?
For example, do you want your operating agreement, LLC filing, and entire structure to show a single member or multiple members? The states are starting to attack single member LLCs and remove their “charging order” protection, so how you answer this question is important.
Read more →The LLC company structure is very similar to the old familiar corporate structure, but there are some significant differences. State LLC Company Structure and Corporate Structure Required Filings Both the corporate structure and the LLC company structure require a filing with the state. Basically, you are putting […]
Read more →How to Become an LLC Company How to become an LLC company (Limited Liability Company)? Wondering what do? Hoping you can start an LLC by yourself, thereby saving time and money? An LLC is one of the best ways to structure a small business because it is […]
Read more →What is an LLC Company-Explained What is an LLC Company? The LLC company or LLC is short for Limited Liability Company. But really, what is an LLC Company? The first LLC company in USA was formed in Wyoming by a group of businessmen who wanted to more […]
Read more →Personal acts include things like a divorce, lawsuit from an auto accident (donkey cart back then), bankruptcy, lavish living, or any one of a thousand other acts. If one partner got in trouble, his or her partnership interest would be taken by their creditor, and suddenly, the other partners had a new partner – an unfriendly partner.
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If you are starting a business, one of most important things you'll want is PROTECTION! The LLC is by far the BEST asset protection vehicle for your business and can SAVE you THOUSANDS per year in taxes.
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