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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 ...
The Uniform Limited Liability Company Act (ULLCA), which includes a 2006 revision called the Revised Uniform Limited Liability Company Act, is a uniform act (similar to a model statute), proposed by the National Conference of Commissioners on Uniform State Laws ("NCCUSL") for the governance of limited liability companies (often called LLCs) by U.S. states.
The world's first modern limited liability law was enacted by the state of New York in 1811. [15] In England it became more straightforward to incorporate a joint stock company following the Joint Stock Companies Act 1844, although investors in such companies carried unlimited liability until the Limited Liability Act 1855.
LLC loan type. Minimum credit score. Advantages. Disadvantages. Term loan. 550. Lump sum up front. Repayable over a set period. Available at most financial institutions
Before filing a certificate with the state, settle unpaid debts and payments, cancel the necessary contracts, inform employees, resolve any pending legal issues, and pay the state franchise tax ...
The secretary of state's office is responsible for the management of the Old Louisiana Governor's Mansion, the Old Louisiana State Capitol, the State Archives, and seven museums. [5] The secretary is an ex officio member of the State Bond Commission [6] and the board of directors of the Louisiana Citizens Property Insurance Corporation. [7]
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