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Ready. Set. Incorporate! https://www.readysetincorporate.com/faq-items/what-is-an-llc/ Export date: Thu Apr 25 9:16:55 2024 / +0000 GMT |
What's an LLC?An LLC, or limited liability company, is a type of entity that protects its owners (members) 1 and managers 2 from liability, unless they personally do bad things. Like a corporation 3, an LLC happens when its Articles of Organization 4 are filed with the state authority. In California, this is generally an online form. Keep in mind, there are other filings, and then ongoing responsibilities of those managers and members to continue shielding them from liability. And if there's more than one Member, having a written operating agreement 5 is highly advised. There may also be tax advantages to filing as an LLC. |
| Excerpt: An LLC, or limited liability company, is a type of entity that protects its owners and mangers from liability, unless they personally do bad things. Like a corporation, an LLC happens when its Articles of Organization are filed with the state authority. In California, this is an online form. Keep in mind, there are other filings, and then ongoing responsibilities of those managers and members to continue shielding them from liability. And if there’s more than one Member, having a written operating agreement is highly advised. There may also be tax advantages to filing as an LLC. |
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Post date: 2015-06-15 16:48:45 Post date GMT: 2015-06-15 23:48:45 Post modified date: 2019-11-20 20:39:44 Post modified date GMT: 2019-11-21 04:39:44 |
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