LLC stands for limited liability company, a type of formal business structure. LLCs blend the advantages of a corporation with those of partnerships. An individual can set up an LLC, as can two or more partners. Forming an LLC avoids the personal financial liability of a sole proprietorship.
Starting a limited liability company in Michigan requires the business owner to file articles of organization with the Michigan Department of Licensing and Regulatory Affairs, according to LegalZoom. The articles of organization can either be filed online or by mail.
In order to form a limited liability company, or LLC, the owners must choose a unique business name, file the articles of organization, create an operating agreement and obtain all applicable licenses and permits. Two other steps may be required: if employees will be hired, the business owners must
As of 2014, the state of Florida requires a fee to register a vehicle. The standard fee for vehicles under 2,500 pounds is $27.60, the fee for vehicles 2,500 to 3,499 pounds is $35.60, and the fee for vehicles over 3,500 pounds is $45.60.
A limited liability company, or LLC, is a legal business structure registered in a state by a single owner or multiple members. A primary motive for business owners to register an LLC is to create a separate business entity to avoid personal financial liability for business debts.
An LLC, or limited liability company, is a cross between a limited company and a partnership. It allows the business to practice as a limited company, but with the same tax benefits and flexibility as a partnership.
As of 2015, LVNV Funding LLC holds a license to operate in Florida, according to the Florida Office of Financial Regulation. The company maintains an active state business license, and the company's consumer collection agency was renewed in January 2015.
Companies with LLC in their name are limited liability companies, a legal structure allowing the business owners some protection against liability, while getting the tax benefits of a partnership. Depending the state, an LLC can consist of one or more partners that can be individuals, corporations o
The primary advantages of an LLC, or Limited Liability Company, revolve around its liability protections, flexible profit sharing and marginal record keeping relative to other business formations. Also, the personal assets of LLC members are not subject to the actions or business decisions of the LL
LLC stands for "limited liability company," which is one of four business organizational structures in the United States. In this business structure, owners are protected from personal liability for company actions and debt similar to a corporation.