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3. File your LLC in other states. When you first get an LLC in your home state, you establish what's known as a "state of formation" or "domestic state," which is essentially your business' home base.
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.
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.
[14] [15] Unlike the traditional LLC, the L3C's articles of organization are required by law to mirror the federal tax standards for program-related investing. [16] A program-related investment (PRI) is one way in which foundations can satisfy their obligation under the Tax Reform Act of 1969 to distribute at least 5% of their assets every year ...
Here’s what you need to know about LLC loans and the steps you should take to get one. Can you get a business loan with an LLC? Yes, you can get a business loan with an LLC.
If you’re looking to get an LLC loan, there are several types to choose from. The right one for you will depend on certain business factors like your credit score, amount of time in business or ...
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