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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
The articles of incorporation typically include the name of the corporation, the type of corporate structure (e.g. profit corporation, nonprofit corporation, benefit corporation, professional corporation), the registered agent, the number of authorized shares, the effective date, the duration (perpetual by default), and the names and signatures ...
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
The owners of the LLC, called members, are protected from some or all liability for acts and debts of the LLC, depending on state shield laws. In the United States, an S corporation is limited to 100 shareholders, [b] and all of them must be U.S. tax residents. [c] An LLC may have an unlimited number of members, and there is no citizenship ...
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LLC business loans are similar to regular business loans, but they cater to LLCs Common loans available to LLCs include SBA loans, term loans and business lines of credit A personal guarantee may ...
The Republican primary caucus on January 15 officially kicks off the 2024 race for the White House. The process remains largely unchanged for Republicans, but is vastly different for Democrats ...
Iowa City Press-Citizen – Iowa City; Keokuk Daily Gate City – Keokuk; Le Mars Daily Sentinel – Le Mars; Marshalltown Times Republican – Marshalltown; The Messenger – Fort Dodge; Southeast Iowa Union – Mount Pleasant (was formerly the Fairfield Daily Ledger, Mount Pleasant News and the Washington Evening Journal) Muscatine Journal ...