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 asse... More »

www.reference.com Business & Finance Business Resources

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 ... More »

www.reference.com Business & Finance Corporations

One tax advantage of an LLC is that members are able to decide how they are taxed, since an LLC isn't classified as a separate entity, says Christina Dixon of RocketLawyer. A disadvantage is that members pay self-employm... More »

www.reference.com Business & Finance Taxes Income Tax

The first step to form an LLC in Colorado is to file a document to establish a new record of business with the secretary of state’s office. The document requires you to submit the name of your prospective LLC with one of... More »

www.reference.com Business & Finance Business Resources Managing a Business

Business owners must file business formation documents, such as articles of organization, with the Secretary of State's office to legally form a Limited Liability Company. Since LLC filing requirements vary by state, bus... More »

www.reference.com Business & Finance Business Resources Managing a Business

In order for a Limited Liability Company, or LLC, to be recognized by the state it resides in, a document, titled Articles of Organization, must be filed with the state government. Articles of organization provide the st... More »

www.reference.com Business & Finance Business Resources Managing a Business

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 ... More »

www.reference.com Business & Finance Corporations