Category: LLCs

Deciding Between Member-Managed and Manager-Managed LLC: Which is Right for Your Business?

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When forming a Limited Liability Company (LLC), one of the key decisions you’ll need to make is whether the LLC will be member-managed or manager-managed. This choice determines how the business will operate on a daily basis, who has the authority to make decisions, and how responsibilities are divided among owners and management. Both options […]

The Importance of an Operating Agreement for an LLC

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When forming a Limited Liability Company (LLC), one of the most critical documents you can create is an Operating Agreement. This internal document outlines how the LLC will be managed, the rights and responsibilities of its members, and key procedures for decision-making, profit distribution, and dispute resolution. While not always legally required, an operating agreement […]

Understanding Annual and Biennial Reports for LLCs: Staying in Good Standing

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Running a business involves more than just managing day-to-day operations. If you’ve formed a Limited Liability Company (LLC), you also need to comply with your state’s legal requirements to keep your business in good standing. One critical requirement in many states is the submission of annual or biennial reports. Failure to comply can lead to […]

The History of LLCs as a Business Entity

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The Limited Liability Company (LLC) is one of the most popular business structures in the United States today. Known for combining the liability protection of a corporation with the tax flexibility of a partnership, LLCs have become a go-to choice for entrepreneurs, small business owners, and even large enterprises. However, the LLC is a relatively […]

The Advantages of Forming an LLC (Limited Liability Company)

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Starting a business comes with many decisions, and one of the most important is choosing the right legal structure. For many entrepreneurs and small business owners, forming a Limited Liability Company (LLC) offers an ideal balance between liability protection, tax flexibility, and ease of operation. Since its introduction as a business structure, the LLC has […]