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LegalZoom walks through the process of starting an LLC. In 2023 alone, American entrepreneurs started a record-breaking 5.5 million small businesses—the lion's share of which were LLCs.
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A limited liability company (LLC) is the United States-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation . [ 1 ]
There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of a business such as loans, accounts payable, and legal
Arizona state law mandates that an LLC undergo a formal vote to start the dissolution process. For a single-member LLC, the decision is yours. Next, notify creditors of the intent to dissolve and ...
In 2012 Michigan's 120 brewing establishments (including breweries, brewpubs, importers, and company-owned packagers and wholesalers) employed 595 people directly, and more than 36,000 others in related jobs such as wholesaling and retailing. [1] Altogether, 140 people in Michigan had active brewer permits in 2012. [2]
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