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We Form Limited Liability Companies and the New Series LLCs | ||
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All Limited Liability Companies are NOT Created EqualIf you have created your own LLC, compare your company formation, materials, Articles and Operating Agreement with ours. If yours is less, it can cost you a lot of money in litigation and audits | ||
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THE LIMITED LIABILITY COMPANY. Commonly called an LLC, this business entity has become the staple of small businesses, entrepreneurs, investors, and independent contractors, such as real estate and insurance salesmen, brokers, mortgage houses, and other small business men and women. The Limited Liability Company combines the personal liability protection of a corporation with the tax benefits and simplicity of a partnership. In addition, they're more flexible and require less ongoing paperwork than corporations. And best of all, they help the small independent businessman and entrepreneur isolate personal assets from business assets in ways a DBA or Sole Proprietorship cannot. LLCs are considered by many as the best of two worlds: pass-through taxation and asset protection. See more on LLCs. There are three ways you can create an LLC. THE SERIES LLC. Available at the present time in only seven states (Delaware, Illinois, Iowa, Nevada, Oklahoma, Tennessee and Utah), the Series LLC is destined to become the biggest and best entity for certain types of multiple entity businesses, such as property developers, investors, and businesses not wanting to mix assets from several different endeavors or enterprises. To qualify now, or in the future, the Articles of Organization and the Company's Operating Agreement must make provision for the Series LLC, even if it is not available or needed at the time of company formation. See more on Series LLCs. THE SEASONED OR SHELF ENTITY. Previously formed companies are known by a number of terms; such as shelf or shell (usually refers to publicly traded) or aged or seasoned or previously formed companies. Irrespective of the term, a seasoned company offers unique opportunities. Perhaps the leading reason for acquiring an aged entity in general is credibility. Before anyone will consider your business expertise, ability, and experience, most business relationships are heavily influenced by the length of time a company has been in existence. This is often true when establishing financial and client/vendor relationships. When start-up businesses like Yahoo, Google and Go-Daddy first opened their doors, who would have considered lending them money or recommending their product--but today, these giant businesses expect and get loans, special treatment, and wide-spread business approval. See more on Seasoned Companies. | ||||||||||||
ALL YOU NEED TO KNOW ABOUT LLCs, | ||||||||||||
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DISCLAIMER: The information provided on this site is for informational purposes only and is NOT to be relied upon as legal advice. This service is not a substitute for the advice of an attorney and we encourage users to have all documents created on our site reviewed by an attorney. No attorney-client relationship is established by use of our online forms or within our purchasable CDs, and the user is not to rely upon any information found anywhere on our site. THESE FORMS, CDs, AND ENTITIES ARE SOLD ON AN "AS IS" BASIS WITH NO WARRANTIES OR GUARANTIES. If you wish personal assistance in deciding whether the document or entity found on our site is right for you or desire representations and warranties upon the legality of the document you are purchasing in the jurisdiction you will be using it, contact an attorney licensed to practice law in your state | ||
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