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  2. Articles of organization - Wikipedia

    en.wikipedia.org/wiki/Articles_of_Organization

    It is the Articles of Organization that establishes the power, rights, liabilities, duties, and other important obligations of LLC members. This document also establishes the obligations between LLC members. [2] Most secretaries of state provide fill-in-the-blank PDF templates to file with the state. Some people use the services of an attorney ...

  3. Incorporation (business) - Wikipedia

    en.wikipedia.org/wiki/Incorporation_(business)

    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

  4. List of legal entity types by country - Wikipedia

    en.wikipedia.org/wiki/List_of_legal_entity_types...

    LLC & Co. KG: the general partner is a US LLC Note that when a KG's general partner is a limited company, the resulting form is legally considered as a different subtype of KG Partnerschaftsgesellschaft ( PartG ): partnership company; only for professional services

  5. LLC vs. Corporation - AOL

    www.aol.com/finance/llc-vs-corporation-203712316...

    LLC. Corporation. Ownership. Can be owned by one or multiple members. Owned by shareholders. Paperwork. Annual business filings can be handled by the business owner or manager

  6. Limited liability company - Wikipedia

    en.wikipedia.org/wiki/Limited_liability_company

    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 ...

  7. What makes an LLC loan different than a regular small ... - AOL

    www.aol.com/finance/makes-llc-loan-different...

    A personal guarantee may still be required for an LLC loan. Many business owners form limited liability corporations (LLCs) to separate their personal assets from their business assets. If you ...

  8. Articles of association - Wikipedia

    en.wikipedia.org/wiki/Articles_of_association

    It provides a new form of Model Articles for companies incorporated in the United Kingdom. Under the new legislation, the articles of association will become the single constitutional document for a UK company, and will subsume the majority of the role previously filled by the separate memorandum of association.

  9. Benefit corporation - Wikipedia

    en.wikipedia.org/wiki/Benefit_corporation

    Illinois established a new type of entity called the "benefit LLC", making the state the first to allow limited liability companies the same opportunities afforded to Illinois corporations under the state's benefit corporation law. [14] [15] Washington created social purpose corporations in 2012 with a similar focus and intent. [16] [17]

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