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An LLC is a type of unincorporated association, distinct from a corporation. The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation. As a business entity, an LLC is often more flexible than a corporation and ...
It is the Articles of Organization that establishes the power, rights, liabilities, duties, and other important obligations of LLC members. This document also establishes the obligations between LLC members. [2] Most secretaries of state provide fill-in-the-blank PDF templates to file with the state. Some people use the services of an attorney ...
LLC & Co. KG: the general partner is a US LLC; Note that when a KG's general partner is a limited company, the resulting form is legally considered as a different subtype of KG; Partnerschaftsgesellschaft (PartG): partnership company; only for professional services
Those add-on LLC required documents could include: Details on any business collateral : If you’re applying for a secured loan, you’ll need to provide documentation about the collateral you ...
A "limited liability company" (LLC) is a different entity. However, some states permit corporations to have the designation Ltd. [6] (instead of the usual Inc.) to signify their corporate status. A corporation must file annual corporate tax returns with the Internal Revenue Service.
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