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When you are first starting your business, one of the most important things you'll have to do is decide on how you're going to classify your business structure. For many people, it makes sense to classify as a sole proprietorship due to the small size of their operation. However, if your business will be involved with things that can carry significant financial or physical risk, then it may be smart to set up a Limited Liability Corporation. This business structure will protect you and your personal assets in the event that your business is sued for a number of different reasons. To set up the LLC yourself, you'd need to set up a bunch of complicated paperwork. Using an accountant is recommended for this.
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∙ 12y ago
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Initially no formality is required to set up a what type of business?
LLC Corporation
Does a bank needs an operating agreement on all their llc accounts?
You need an LLC to open a business account that is operated as an LLC but you do not need the LLC Operating Agreement (that is for you and the members) but once you set up the LLC you can go to the bank. :) go to http://ellcoperatingagreement.com to learn more!
What does the LLC Corporation do?
"An LLC Corporation is often used by small business owners to protect them from monetary liability. When you set up an LLC Corp. your personal property, i.e., house, car and other personal assets are off limits from being included in a lawsuit against your business."
Where could I apply for an LLC for my tree trimming service in Delaware?
You can set up a company as an LLC directly through the state. Contact your state's commerce or business department for more information. You would have to contact the IRS and apply for an EIN with your companies name. You can then be known under the LLC business name at that point.
Does a comma go before LLC?
The comma goes after the business between the name and the LLC. Business Company, LLC
Should I be concerned if my dentist has llc after his name?
"LLC" or "llc" means "limited liability company". It is applied to a virtual person a "company or business". Say you dentist was called "Jones" then he could set up a company called "Jones dental practice" and if his practice was set up as a limited liability company, "llc" should be add after the name of the practice. However if your dentist is using "llc" after their name as a qualification, this is meaningless and if your dentist has no other qualifications then I would suggest you should be concerned - do not go there and ask the authorities in your country to investigate the dentist.
How do you set up llc in quickbooks?
Go to:<br /><br />1. File<br />2. New Company<br />3. Start Interview<br /><br />You will be asked on the 3rd/4th page which kind of business you have - choose LLC.
Where can one learn how to set up an LLC?
One can learn how to set up an LLC by reading the article about it on the professional-run website, Nolo. It's very detailed, so you shouldn't have any trouble.
How easy is it setting up a limited company?
It is fairly easy and inexpensive to set up a Limited Liability Company (LLC). One would need a Registered Agent Service, a Doing Business As (DBA), and a Business License. Start-up costs for these licenses is usually under $500.
What documents do I need to file for a NY LLC?
I used an excellent NY based company to set up my business LLC called USACORP they gave me excellent service and their price was also very competitive, they have a toll free no. 866.678.7226 they also have a nice web site usacorpinc.com.
What is Pershing LLC's motto?
Pershing LLC's motto is 'Your Business Without Limits'.
Is there a comma after LLC?
No, there usually is not a comma after LLC. However, it will depend on the business and how the company was registered.
