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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 may be well-suited for companies with a single owner. [5]
In addition to meeting IRS Treasury Regs.Sec.53.4944-3(a), many states require the label "L3C" or "low-profit limited liability company" to appear in the name of the organization. Each state may have state-specific requirements that govern L3C formation. [citation needed]
On March 18, 2015, Snyder signed an executive order to form the Michigan Agency for Energy with in LARA in 60 days. [7] On January 17, 2013, Governor Snyder ordered that the Office of Financial and Insurance Regulation be transferred out of the department to form a new Michigan Department of Insurance and Financial Services effective March 19 ...
The secretary of state of Delaware is the head of the Department of State of the U.S. state of Delaware. The department is in charge of a wide variety of public and governmental services, and is divided into the following divisions:
A business entity might at some point want to change its previously designated registered agent to another party. This is accomplished by obtaining a form from the secretary of state where the business entity is registered, completing said form, and filing it with that state office along with any requisite fees which may vary from state to state.
Organized in the owner’s primary state of residence, an LLC is relatively straightforward to set up. Because the documents needed for LLC establishment are limited and managing the company is ...
In Delaware, the secretary of state oversees the Delaware Office of Veterans Services. [17] In Illinois, the secretary of state is ex officio Clerk of the Court of Claims. [18] In addition, the secretary of state is responsible for the enforcement of state motor vehicle theft statutes and the regulation of the automotive industry. [19]
Slovenian Business Register (ePRS) [246] — maintained by the Agency of the Republic of Slovenia for Public Legal Records and Related Services (AJPES). ePRS includes companies (partnerships and corporations), sole proprietors, legal entities governed by private law, societies, natural persons performing registered or regulated activities ...