Create an LLC
What is a Limited Liability Company?
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A limited liability company is registered with the secretary of state
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A limited liability company can absorb unlimited members and / or management
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Both US and Non US residents can form a limited liability company
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A limited liability company is a pass-through entity for the purpose of tax, profit, and loss transfers compiled into an income tax report
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A limited liability company has the flexibility to be used as a corporation, S corporation or a limited liability company
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An LLC is supported by / tethered to the operating agreement. The operating agreement is a document utilized by management that does not submit along with the article of organization to create an LLC
How does one register a Limited Liability Company?
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Name of the LLC
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Names of all the members and the managers
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Registered agent address
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Percentage each owner of the company holds
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Business description
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Term of the LLC
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Signature of the organizer
Generally, most states register a limited liability company the same day.
The yearly maintenance required for a Limited Liability Company:
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An LLC is maintained in most states by filing an annual report, biennial statement, franchise report or the statement of information as per the secretary of the state requirement
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Income tax returns are filed by each member of the LLC
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The name of an LLC is confirmed by the secretary of state prior to filing the article of organization to register a business name as an LLC.
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Some states require publications to establish an LLC. The state of New York is one of these states; where a legal notice is required to be published in newspapers. The charges of the newspapers are based on the county