Category: Entity Requirements
Starting a Limited Liability Company (LLC) comes with many benefits, such as greater business legitimacy and protection of personal assets. However, it also brings ongoing compliance requirements, one of which is the filing of an LLC annual report. This report is a mandatory filing in most states and serves as a way for the state…
One of the steps some organizations may need to complete to conduct business in a state is to complete a Certificate of Good Standing or a Certificate of Existence. Either of these documents helps to show that a company is incorporated and that they are legally authorized to do business within that state or in…
Business owners may want to dissolve their business for a variety of reasons. Some businesses form with a specific timeline for closure in mind. Other businesses are formed to address a particular need; once that need is met, the company is no longer necessary. Other businesses become financially unstable or are no longer profitable and,…
The first step in starting any business is formally forming that business. For many forms of businesses, such as a limited liability company (LLC) or the various forms of corporations, this occurs via registration. So, you have taken that first step and registered that business, what comes next? I Just Formed an LLC, Now What? …
A ton of busy work goes into registering a business. With so much going on, future business owners may be unaware of some essential items needed before getting started. Whether you’re forming a corporation or an LLC, you must have a registered agent, a person or a service appointed by the business owner to receive…
An LLC, corporations, partnerships, and a sole proprietorship are all different types of business legal structures with unique methods of formation, liability, and taxation. A limited liability company, or LLC, is a popular type of legal entity that can be granted to a business since, an LLC combines attributes from a sole proprietorship and a…
If you have decided to start a Limited Liability Company (LLC), an operating agreement is crucial to help you establish the rules and structure of your business. While the main purpose of an LLC operating agreement is to delegate the rights and responsibilities amongst joint owners, even a single-member LLC benefits from an operating agreement.…
