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Key takeaways. Form an LLC in only seven steps: Select a unique name, appoint your registered agent, determine your LLC's structure, create an operating agreement, file articles of organization ...
t. e. A limited liability company ( LLC) is the United States -specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. [ 1] An LLC is not a corporation under the laws of every state; it is a legal form ...
v. t. e. A low-profit limited liability company ( L3C) is a legal form of business entity in the United States. [1] Commonly referred to as a hybrid structure, it has characteristics of both for-profit and non-profit entities. [1] L3Cs were created to comply with the Internal Revenue Service (IRS) program-related investments (PRIs) rules which ...
v. t. e. Incorporation is the formation of a new corporation. The corporation may be a business, a nonprofit organization, sports club, or a local government of a new city or town [citation needed] .
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A series limited liability company, commonly known as a series LLC, protected cell company, segregated account company, or segregated portfolio company, and sometimes abbreviated as SLLC, is a form of a limited liability company that provides liability protection across multiple "series" each of which is theoretically protected from liabilities arising from the other series.
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