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An LLC is a type of unincorporated association, distinct from a corporation. The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation. As a business entity, an LLC is often more flexible than a corporation and ...
The Minnesota Department of Commerce is the governmental agency in the U.S. State of Minnesota responsible for regulating a number of critical businesses that impact the public health and welfare. These include state-licensed or regulated industries such as insurance, real estate, property appraisals, debt collection agencies, financial ...
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
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
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companies in Minnesota according to revenues with state and U.S. rankings: State rank Corporation US rank 1: UnitedHealth Group: 5 2: Target Corporation: 30 3: Best ...
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