Ads
related to: mn steps for filing llc fees
Search results
Results from the WOW.Com Content Network
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
According to Wallace, the set-up fee can run a few hundred dollars upfront and, depending where the LLC is based, $50 to $100 annually for ongoing filing costs.
However, Section 303 of the Revised Uniform Limited Partnership Act (if adopted by a state legislature) eliminates the so-called "control rule" with respect to personal liability for entity obligations and brings limited partners into parity with LLC members, LLP partners and corporate shareholders.
For invoice factoring deals or lines of credit, your lender might charge an ongoing administrative fee, such as a monthly fee or annual fee. Usually, these fees are a flat amount and can range ...
For premium support please call: 800-290-4726 more ways to reach us
Ads
related to: mn steps for filing llc fees