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Form an LLC in only seven steps: Select a unique name, appoint your registered agent, determine your LLC's structure, create an operating agreement, file articles of organization, get an EIN and ...
A limited liability company, or LLC, is a way of classifying your business to the Internal Revenue Service, and there a variety of perks and tax benefits available to LLCs. "LLCs are the most ...
A series LLC is a special form of a limited liability company that allows a single LLC to segregate its assets into separate series. For example, a series LLC that purchases separate pieces of real estate may put each in a separate series so if the lender forecloses on one piece of property, the others are not affected.
Create the LLC Once you’ve found where you want to set up the LLC and you’re eligible, it’s time to file the articles of incorporation with the state’s department of state.
The effect of these rules is that a U.S. limited liability company (LLC) or limited liability partnership (LLP) is treated by default as a partnership (or disregarded entity if it has only one owner), whereas a foreign LLP is treated by default as a corporation (if, as is generally the case, all its members have limited liability).
As in a partnership or Limited liability company (LLC), the profits of a Limited liability partnership (LLP) are allocated among the partners for tax purposes, avoiding the problem of "double taxation" often found in corporations. Some US states have combined the LP and LLP forms to create limited liability limited partnerships.
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