LLC Answers

Virginia is one of those states that have more strict requirements when it comes to registered agent qualification than most other states.

In Virginia, if the registered agent is an individual, he or she must be a member of a member-managed Virginia LLC or a manager of a manager managed limited liability company.  Or, the person can be a Virginia licensed lawyer.  In addition, the registered agent’s address must be a physical address locate in Virginia where service of process papers can be accepted during business hours.

There are some additional options if you have a legal entity as the registered … Continue Reading

In New York, there is a publication requirement after forming a New York LLC.  This extra step is not favored by small business and it is unclear what real purpose it serves.  The publication requirement usually requires payments to newspapers which can be significant depending on where your LLC business is located.

After your New York limited liability company has been formed by the state and you received a filing receipt, you need to contact the local county or city where the principal office of the LLC is located.  That locality will provide you with the names of two newspapers … Continue Reading

VIDEO BLOG POST:

Click below to watch a video we recently made that outlines the major benefits of an LLC for operating a small business.  The limited liability company is not the most common choice for small business owners precisely because it was designed to offer them most benefits for small businesses.  Watch Now!

While some small businesses are thriving, there are many other ones that are having a difficult time surviving in this current economy.  When the economy slows, both consumers and businesses spend less.  As a result, businesses large and small start to struggle.

For those troubled businesses that operate through an asset protection vehicle like an LLC, the debts and obligations of the business are those of the limited liability company and not the business owners personally.  This general rule applies as long as the business owners did not personally agree to be liable for business obligations.

This is an important concept because … Continue Reading

The beginning of a new year is the most popular time to start a business.  As a result, the state agencies that handle LLC formation processing are very busy and in many states, the processing times increase greatly.

So, if you are going to start a new business, get your LLC filing completed and filed with your state.  It is really important that your limited liability company be formed prior to conducting business.  This is necessary to ensuring you have complete LLC protection offered by this legal entity.

Many motivated business owners get frustrated this time of year when they find … Continue Reading

VIDEO LIBRARY

Yes, there is nothing in the law that requires that an LLC be formed by a lawyer or other service.  A business owner can form an LLC on their own by learning about and following the legal requirements and processes required to process an LLC registration.

View the video below for steps and guidelines on how to go about doing this.  Plan on spending about 3 to 5 hours to handle this properly.  If you want to save time, The LLC Expert’s formation service only requires about 5 minutes of your time and is backed by a guarantee of compliance … Continue Reading

VIDEO LIBRARY

It is that time of year when many aspiring business owners find the energy and courage to take the official step of new business ownership. This is a great time to start a business not only because of strong motivation but because it is an ideal setting to start the new year by going down the path to financial freedom.

One of the first steps is to form an LLC and so if you are looking and shopping around for the right online llc formation services company, please watch this video as it will eliminate 90% of problems and … Continue Reading

VIDEO LIBRARY

Wondering whether to start an LLC for your new business?

Many think that if the business will only be owned by one person or if the business is going to be small with very little revenue, then the LLC is not required. To the contrary, this is the wrong thinking that has caused many personal liability problems for others.

Listen to this video by Amyli McDaniel which explains how a prospective business owners should assess whether he or she can benefit from the LLC protection afforded by the limited liability company…. Continue Reading

When it comes to actually “signing” llc formation documents required to form a limited liability company in a state, the laws generally do not require that a member (owner) sign the filing documents.  The laws do require that an ORGANIZER sign it.  So a person must sign it but that person can be an owner, a lawyer, a document filing services company agent or anyone you desire to sign them as long as it is an actual person.

Now, this question also raises another issue because I assume it is being driven by the desire for the owner of a business … Continue Reading

The first step when a party has decided to sue a limited liability company LLC is to determine the best method for effectuating service of process on the LLC. This is also known as serving legal notice to the LLC of the lawsuit in a way that is proper notice under the laws.

The methods for service of process to a business entity like an LLC is set forth in the general service of process rules for each state and these can vary but in all states one confirmed method is by delivering the notice to the Registered Agent of the … Continue Reading