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What does inactive status for a Limited Liability Corporation mean?
Inactive status for a Limited Liability Corporation (LLC) typically means that the entity is not currently conducting any business operations and may not be fulfilling its state reporting or tax obligations. This status can result from various reasons, such as voluntary dissolution, failure to file required documents, or non-payment of fees. While an inactive LLC may not be actively engaging in business, it often retains its legal identity until formally dissolved. It’s important for LLC owners to understand the implications of this status, as it may affect liability protections and business operations.
What is the difference between an LLC and a Professional LLC?
A standard LLC are your small businesses that do not require professional licensing, such as retail stores. A professional LLC are your small businesses that do require professional licensing such as Attorney and Doctor Offices.
Can a non wage garnishment be placed on a llc?
Yes it can. If the creditor files a wage garnishment to a protected LLC and that LLC fails to respond or respond properly, a court can and will hold the LLC jointly and severally liable for the entire debt owed to the creditor.
Is it safe to create a business LLC online?
It should be safe to create a business LLC online if a secure website is used. It can be cheaper to create online. LLC stands for "limited liability company".
What is the proper way to write a company name with LLC at the end?
what is the proper way to write a company's name with llc
How can a personal judgement impact the operations and assets of an LLC?
A personal judgment can impact the operations and assets of an LLC by potentially leading to the seizure of the LLC's assets to satisfy the judgment. This can disrupt the business operations, affect financial stability, and even result in the dissolution of the LLC.
When was Speedway LLC created?
Speedway LLC was created in 1959.
When was Mjolnir LLC created?
Mjolnir LLC was created in 2001.
When was Albertsons LLC created?
Albertsons LLC was created in 2006.
When was Revolution LLC created?
Revolution LLC was created in 2005.
When was Kegel LLC created?
Kegel LLC was created in 1981.
When was Aronson LLC created?
Aronson LLC was created in 1962.
When was Blockbuster LLC created?
Blockbuster LLC was created in 1985.
When was Speechwriters LLC created?
Speechwriters LLC was created in 2001.
When was UOP LLC created?
UOP LLC was created in 1914.
When was HealthPlanOne LLC created?
HealthPlanOne LLC was created in 2005.
When was LearnShare LLC created?
LearnShare LLC was created in 1996.
