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Why are organizations formed?

Updated: 9/16/2023
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14y ago

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One of the major reasons from a business viewpoint is liability protection of personal assets. In the USA generally speaking all states allow the formation of a Corporation, a LLC (limited Liability Company), or a LP (limited partnership) there are nuances and variations of all three types and differences according to various state laws. In Nevada go to the Secretary of State website at secretaryofstate.biz (do not include the www) for more discussion of this.

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