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Absolutely, for creditor protection purposes.

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16y ago

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How can you incorporate yourself as an LLC?

To incorporate one's business as an LLC, one would have to file for a licence to do so. The licence is around $50 to apply for and is good for one year. LLC stands for limited liability company.


Which osi layer incorporate the MAC address and LLC?

datalink


If I buy my partners 50 percent share of our LLC and become sole owner should I chance to a different structure than LLC?

If you liked the LLC there's no reason to switch; an LLC can have a single owner.


What do you need to learn to incorporate an LLC?

In order to incorporate an LLC, it must for seek to do so through an application process. This process varies in length and complexity depending on location. More information can be found through various business development websites or a business lawyer.


What does it mean when renting a home that the had an llc?

I think you are asking about the landlord being an LLC (limited liability corporation). It should be just the same for you on a day-to-day basis. A person will put the ownership of a rental property into a corporation to protect themselves during any possible lawsuit. It limits the possible award to the tenant to the equity in the building. Imagine you rent a house from a rich man, the house falls on your cat and you sue the landlord for $1 million. The jury likes cats, you win and the landlord is out $1M. So the man (now poorer) creates an LLC, putting $100K into it. The LLC buys a house for $500K, putting in its $100K and getting a mortgage for $400K. The LLC rents the house to a dog-owner. This house falls on the dog and the renter sues for $2M. This guy can only win $100K because that's all the LLC is worth. The tenant can't go after the man's remaining money.


How can one protect their assets through incorporate LLC?

When one incorporates their business they are forming a LLC, a limited liability corporation. By doing this, a business owners personal assets are protected from business debts or obligations.


What forms do I need to incorporate an LLC?

The form you need depends on the state you live in. Go to this website: http://www.getincnow.com/ and click on the state that you live in from the scroll down list under the yellow banner LLC.


Should a comma be used after LLC?

Yes, a comma should be used after "LLC" when it is used in the middle of a sentence. For example: "XYZ Corporation, LLC, is headquartered in New York."


The arise.com WAH company you have to become incorporated these fees are extremely high are there any Incorporations for small virtual businesses for free or less than 100 in Florida?

Incorporate in a different state. I think GA is under $50 to file an LLC.


Should a hedge fund or an investment advisory firm register as a LLC or a LP?

LLC


Where can one get information on limited liability company formation?

For information on forming a Limited Liability Corporation, or LLC, can be found online at IRS, Incorporate, or Form LLC Direct. It is best to consult a professional before incorporating a business.


Where should I file the operating agreement for my LLC?

The operating agreement for your LLC should be filed and kept with your business records. It does not need to be filed with any government agency, but should be easily accessible for reference and review by all members of the LLC.