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State statutes typically provide automatic or "default" rules for how an LLC will be governed unless the operating agreement provides otherwise, as permitted by statute in the state where the LLC was organized. The limited liability company has grown to become one of the most prevalent business forms in the United States.
The Business, Consumer Services and Housing Agency (BCSH) is the California government cabinet-level agency that assists and educates consumers regarding the licensing, regulation, and enforcement of professionals and businesses. [3]
Information about persons or entities that are available to act as registered agents in a given state may be maintained by the state's Secretary of State office. Most states also offer free online database searches to identify a business entity's registered agent. Some state business entity laws name the Secretary of State's office or business ...
The manner of the election varies in accordance with state law. For example, in Delaware LLLP elections take the form of a limited partnership electing to be a limited liability partnership (this is the format used in Delaware , while in Florida , Hawaii and Kentucky the election is made in the certificate of a limited partnership).
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
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A state office, perhaps called the "Division of Corporations" or simply the "Secretary of State", [20] will require the people who wish to incorporate to file "articles of incorporation" (sometimes called a "charter") and pay a fee. The articles of incorporation typically record the corporation's name, if there are any limits to its powers ...
The secretary of state of California is the chief clerk of the U.S. state of California, overseeing a department of 500 people.The secretary of state is elected for four year terms, like the state's other constitutional officers; the officeholder is restricted by term limits to two terms.