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This form is a composite form between A.E. E.P.E and O.E. which is greatly affected by the Articles of Incorporation. atomikís epicheírisis / ατομικής επιχείρησης: sole proprietorship
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]
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.
LLCs and C corps both have benefits, but LLCs beat C corps in terms of simplicity, being easier to form and being less expensive to form. What is the owner risk of an LLC?
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But an LLC can also be a single-member LLC, organized by one individual. If that’s the case, the IRS treats the LLC as a “disregarded entity” unless it chooses to be treated as a corporation.
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