Liability Company Online With Example
Description
How to fill out Professional Limited Liability Company - PLLC - Formation Questionnaire?
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FAQ
You can include ?LLC? in your legal business name in any way that makes the company's structure clear, including ?Limited,? ?Ltd.,? ?LLC,? ?L.L.C.,? ?Limited Liability Company,? ?Limited Liability Co.? and more.
How to form an LLC Step 1: Choose a state in which to form your LLC. ... Step 2: Choose a name for your LLC. ... Step 3: Choose a registered agent. ... Step 4: Prepare an LLC operating agreement. ... Step 5: File your LLC with your state. Step 6: Obtain an EIN. ... Step 7: Open a business bank account.
If you form an LLC, you will remain personally liable for any wrongdoing you commit during the course of your LLC business. For example, LLC owners can be held personally liable if they: personally and directly injure someone during the course of business due to their negligence.
LLC names must include ?LLC? in the name ABC Limited Liability Company. ABC Limited Liability Co. ABC Limited. ABC L.L.C. ABC LLC. ABC Ltd.
The Disadvantages of the LLC Business Structure A major disadvantage of an LLC is that owners may pay more taxes. ... It can be harder to attract investors with an LLC structure. ... There tend to be high filing and renewal fees associated with forming and maintaining an LLC.