Forming an LLC or Limited Liability Company is a good choice for asset protection, tax advantages and easy management. Forming an LLC is quick and easy to do, but just a word of warning there are some formalities that must be attended to if the advantages of asset protection and tax benefits are to be enjoyed.
Read more →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.
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