Issuing Membership Certificates For an LLC Issuing membership certificates is one of the issues that seemed to be of particular interest at the boot camp we held last March. Issuing membership certificates is the way ownership is represented in the LLC. It is similar to “stock” held […]
Read more →Do I Need an LLC Lawyer? Cards Mobile Payments Do I need an LLC lawyer is easy to answer. When you compare an LLC, or Limited Liability Company, to a sole proprietorship or a corporation, it has many advantages: limited liability, great tax advantages, and that it […]
Read more →Do you want to “LLC Yourself “or are you wondering how to open a LLC company. I am happy to tell you. You can do it yourself. It is easy open LLC company by filing your Article of Organizations with your state and paying the fees. In fact, most states have a set of “fill in the blank” Articles of Organization available on the state website. Sounds easy, doesn’t it?
Read more →LLC Partnerships or Partnership LLCs are misnomers. Technically an LLC (Limited Liability Company) is a company, not a partnership. While there are some similarities between a partnership and an LLC, it is important to recognize that LLCs and partnerships are two different types of business entities.
Read more →In my 30 years as a lawyer, I’ve seen people pay LLC start up costs ranging from $50 to $25,000. The average LLC fee is about $750 today. That’s what the run of the mill boiler plate lawyer will charge.
Read more →Your LLC should have a membership ledger and membership certificates, just like a corporation needs a stock ledger and stock certificates. When money is transferred into the LLC, an entry needs to be made in the ledger and a membership certificate needs to be issued.
Read more →LLC and DBA stand for the words “Limited Liability Company” and “Doing Business As.” It is a legal requirement that the name of a business is the same as the person or entity who owns it. So if you own an unincorporated small business, its name for legal purposes is your name. Like wise if your unincorporated business is a partnership, the legal name should be the last names of the partners. For corporations or limited liability companies (LLCs), the legal name should be the one that the entity is registered under with the state government.
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.
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 →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 […]
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