WebMar 28, 2024 · A limited liability company, or LLC, is one type of legal entity that U.S. business owners can select for the operation of their enterprise. Creating an LLC protects an individual’s or group’s ... WebSep 1, 2024 · Conducting an equipment leasing trade or business: R is the sole shareholder of RI Inc., a corporation that does printing and binding of publications and advertising brochures. Since forming the corporation over 10 years ago, R has retained all equipment personally for lease to the corporation.
What is an LLC? Limited Liability Company Structure and
WebSep 28, 2024 · An LLC Organizer is the person (or company) who takes responsibility for, and files, the LLC formation documents with the state. They are the ones who are “organizing” (filing) the LLC. An LLC Organizer does not have to be a member (owner) of the LLC, but often they are a member. Who can be an LLC Organizer? you other LLC members … WebLLC owners have a divide between their personal assets and any judgments against the business. If the business receives a lawsuit or has a debt, only the organization is at risk; the owners’ personal property, such as a vehicle or home, cannot be touched by creditors. biobestgroup
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WebThe owners of an LLC are called its members. Depending upon the size of the organization, an LLC member can assume a position resembling a partner, passive investor, or a sole … WebFor more information on how to form an LLC in any state, see Nolo's article How to Form an LLC. 1. Choose a Name for Your LLC. Under Indiana law, an LLC name must contain as the last words, "Limited Liability Company," "L.L.C.," or "LLC." The name may (but need not) contain the name of a member or manager. Your LLC's name must be recognizably ... WebMar 23, 2024 · An LLC is a registered business entity that combines the limited liability protection of a corporation with the pass-through taxation structure of a sole proprietorship or partnership. The owners of an LLC are called members. biobest hypoaspis