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HOME: SERVICES: LIMITED LIABILITY COMPANIES
Limited Liability Company (LLC)
A Limited Liability Company is not a corporation, but it offers many of the same advantages.
Many small business owners and entrepreneurs prefer this type of entity because
it combines the limited liability protection of a corporation with
the "pass through"" taxation of a sole proprietorship
or partnership.
Articles of Organzation are the
main filing document which begins the LLC's existence
under state law. Once filed, the LLC comes into
existence.
Generally, most jurisdictions require Articles of Organization
to contain, at a minimum, information about the following:
- Corporate Name *
- Business address
- Name and address of the Registered Agent.
- Name and Address of initial Members.
* It must include a name ending such as "Limited Liability Company ", "Limited Company", "Limited" or its abbreviations, "LLC", "LC" or "Ltd" (name endings vary state by state)
LLC can elect to be taxed like partnerships, only
at the individual level when profits are paid as dividends. This
yields a considerable advantage over C corporations, which are subject
to double-taxation – once at the corporate level, and again
at the individual level when profits are paid as dividends to the
shareholders.
A LLC is owned by its members. A LLC may be managed by its members
(owners) or by selected a manager. If the members choose, they may elect a manager to act in a capacity
similar to a corporation's board of the affairs of the LLC.
Member management, however is the normal default rule of state
law.
Getting Started
Active Filings offers fast, affordable, high-quality LLC formation services.
We form LLC in
all 50 states. We provide you with the business structure you need
and the protection you deserve, in your home state or any state.
Select your state from the following list and learn about our LLC formation plans for that state:
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