Illinois LLC Notices, Resolutions and other Operations Forms Package
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How to fill out Illinois LLC Notices, Resolutions And Other Operations Forms Package?
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FAQ
The answer is yes--it is possible and permissible to operate multiple businesses under one LLC. Many entrepreneurs who opt to do this use what is called a "Fictitious Name Statement" or a "DBA" (also known as a "Doing Business As") to operate an additional business under a different name.
Any person starting a business, or currently running a business as a sole proprietor, should consider forming an LLC. This is especially true if you're concerned with limiting your personal legal liability as much as possible. LLCs can be used to own and run almost any type of business.
You should always include LLC on all invoices, contracts, leases, legal records, tax returns, letterheads and other purposes. In most states, it is required to add LLC to your business name when forming your business, filing for an EIN or paying taxes.
Profits subject to social security and medicare taxes. In some circumstances, owners of an LLC may end up paying more taxes than owners of a corporation. Salaries and profits of an LLC are subject to self-employment taxes, currently equal to a combined 15.3%.
An LLC separates your personal possessions such as your house, vehicle, investments, etc. from your business assets.LLC Insurance is a type of coverage that protects LLC companies explicitly against certain liabilities that might compromise the financial aspect of the business such as lawsuits or accidents.
So, do you need to incorporate LLC in your logo? In short, the answer is no. In fact, none of your branding/marketing needs to include LLC, Inc. or Ltd. If it is included, this may look amateur.Logos are an extension of a company's trade name, so marketing departments don't need to include legal designation.
Who Should Form an LLC? Any person starting a business, or currently running a business as a sole proprietor, should consider forming an LLC. This is especially true if you're concerned with limiting your personal legal liability as much as possible. LLCs can be used to own and run almost any type of business.
Cons of Using To Form an LLC More expensive than some other services: The cost of forming a LLC ranges from $79 to $359 plus filing fees. Other websites provide similar services for filing fees only (as part of a trial) or from $49 plus filing fees.