For information on how to form an LLC in each state, see Nolo’s article, 50-State Guide to Forming an LLC. See the LLC section of the Nolo website for other articles on LLCs. 1. Choose a Name for Your LLC. The name of your LLC must comply with the rules of your state's LLC division.
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An LLC operating agreement is a legal document that outlines the ownership structure and member roles of your new LLC. Although most states do not officially require you to have an Operating Agreement in order to form an LLC, it's still a good idea to have one. There are six main sections of an operating agreement:
Limited Liability Company Learn about the benefits of forming an LLC, the legal protections it offers you, and if an LLC is the right choice for your business. ... When you form an LLC, your business becomes its own legal entity, with separate debts and legal matters. However, LLCs are still tied to your personal taxes.
Forming a limited liability company (LLC) is an easy and inexpensive way to structure your sole proprietorship or small business. Here's what an LLC will and won't do, and when you should consider forming one.
The name you choose for your LLC is an important decision, as it will be how you represent yourself to potential associates and clients. With that in mind, it is advisable that you take some time to craft a name that you will be proud to have representing you and your business.
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form your LLC with LegalZoom. Having formed over 1 million LLCs, we know what you need. ... An LLC stands for a Limited Liability Company. ... An LLC is also very flexible about who can own and manage the business and how you decide to manage its tax affairs.
A Limited Liability Company (LLC) is an entity created by state statute. Depending on elections made by the LLC and the number of members, the IRS will treat an LLC either as a corporation, partnership, or as part of the owner's tax return (a "disregarded entity"). A domestic LLC with at least two ...