All three have an identical limited liability (corporate shield) protection. It protects the owners and management from liabilities suffered as a result of business activities. In the C corp vs S corp vs LLC decisions, the limited liability shield isn’t really an issue, because each gives good protection.
Read more →Your LLC is a business vehicle. It should get you asset protection, tax benefits, and business protection. You get your articles of organization filed (some people call the operating agreement an “LLC company agreement”), and technically you have an LLC.
Read more →The first thing you need to do to start a LLC is to draft your articles of organization. Pick the state you want to start a LLC company in, and go to that state’s website. It will be on the state’s website under the Secretary of State’s heading, business department, or business formation division of the state.
Read more →Single member LLCs and multi member LLCs give you basically the same “corporate shield” that a corporation will. By the way, the corporate protection is exactly, identically, the same in either an S corporation or a C corporation.
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 →LLC set up fees are dictated by the state where you are forming your LLC. In some states the LLC fees are a little as $12 and others, like California and New Jersey, the LLC fee runs nearly $1,000. There may also be some state requirements that you should ask about when you file. For instance, New York requires that you advertise in each of the big three newspapers. That adds an extra step to your LLC registration.
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.
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