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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
Illinois established a new type of entity called the "benefit LLC", making the state the first to allow limited liability companies the same opportunities afforded to Illinois corporations under the state's benefit corporation law. [14] [15] Washington created social purpose corporations in 2012 with a similar focus and intent. [16] [17]
LLC. Corporation. Ownership. Can be owned by one or multiple members. Owned by shareholders. Paperwork. Annual business filings can be handled by the business owner or manager
Ameren Illinois: IL: Ameren Missouri: MO: American Electric Power (AEP) AEP Ohio: OH, WV: AEP Texas: TX Appalachian Power: TN, VA, WV Indiana Michigan Power: IN, MI Kentucky Power: KY Public Service Company of Oklahoma: OK Southwestern Electric Power: TX American Transmission Company: American Transmission Company: WI, MI Avista Corporation ...
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
LLC advantages and disadvantages. When applying for a loan, there are some pros and cons to being an LLC. Advantages of LLCs. Personal asset protection: ...
In corporate governance, a company's articles of association (AoA, called articles of incorporation in some jurisdictions) is a document that, along with the memorandum of association (in cases where it exists) forms the company's constitution.
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