Comments for LLC Answers

Comment on Starting an LLC- How Do I Know if My Name is Available? by Limited Liability Companies (LLCs)

Limited Liability Companies (LLCs) — Mon, 02 Feb 2009 00:41:59 +0000

[...] Starting an LLC- How Do I Know if My Name is Available? When starting an LLC, you should always spend quality time coming up with a proper name for your LLC business. Your first analysis should be business. Mail this post [...]

Comment on Choosing an Online LLC Formation Services- 2 Pitfalls to Avoid for Proper LLC Formation by Do It Yourself LLC

Do It Yourself LLC — Sat, 24 Jan 2009 04:02:12 +0000

[...] Choosing an Online LLC Formation Services 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. [...]

Comment on Can I Form an LLC to Avoid Existing Personal Liabilities/Claims? by Amyli McDaniel

Amyli McDaniel — Tue, 23 Dec 2008 00:54:27 +0000

As long as the new LLC entity does not contractually assume the personal liabilities of an owner, then it will not be held liable for them. However, if there are affirmative actions taken by the LLC to undertake the responsibility, then once an LLC assumes a liability it is on the hook.

Comment on Why Start an LLC- LLC Protection Explained with Real Examples by Amyli McDaniel

Amyli McDaniel — Tue, 23 Dec 2008 00:52:01 +0000

I do not believe that the formation of an LLC itself requires a lawyer unless the business has other investors (such as angels or venture capitalists) that are insisting that additional provisions be included in the official formation documents.

In fact, many lawyers outsource the administrative filing requirement to organize an LLC for their clients. . . to companies such as The LLC Expert.

However, I do think that it is always beneficial and recommended to obtain legal advice from a competent business lawyer when it comes to post formation matters such as the structuring of the LLC (which includes ownership, management and tax issues). This becomes especially important for a multi-member business.

Having said this, it is a known fact that while the ideal solution for every business is to have a proper legal adviser, over 90% of small business owners will not get one at the beginning of their entrepreneurial journey. So, the second best alternative is to make some investment in educating yourself about LLC formation and governance matters.

Comment on Why Start an LLC- LLC Protection Explained with Real Examples by Hybrid Business

Hybrid Business — Mon, 22 Dec 2008 20:50:12 +0000

Informative video! Thanks for taking the time to put this together. When discussing setting up an LLC, you mention that it is often a good idea to hire a business lawyer or a LLC formation service (for a cheaper option). Although it is cheaper to form an LLC yourself or hire a service to help, would you suggest paying a little bit more and hiring a lawyer to help with this process?

Comment on Why Start an LLC- LLC Protection Explained with Real Examples by Start an LLC to Prevent Being Personally Sued for Your Internet Business | Intelligent Biz Planning

Mon, 22 Dec 2008 16:43:38 +0000

[...] Watch the short video here for more details: LLC Protection Explained [...]

Comment on Can I Form an LLC to Avoid Existing Personal Liabilities/Claims? by David O'Grady

David O'Grady — Sat, 13 Dec 2008 00:07:25 +0000

Does forming an LLC protect the LLC/Entity from personal liabilities, judgements or lawsuits the forming Member has prior to forming the LLC?

I ask this not as a means of avoiding the personal liabilities long term, however need to protect my Business LLC/Entity as I settle ” Personal ” outstanding liabilities.

Thank you
David O’Grady

Comment on Starting an LLC- How Do I Know if My Name is Available? by Starting an LLC- Three Essential Points « Starting an LLC- Three Necessary Points

Thu, 20 Nov 2008 03:05:52 +0000

[...] Starting an LLC- Three Essential Points Given the lawsuit happy world we live in, it is essential that a new business owner also start an LLC to run his business for protection. This LLC entity’s main benefit is that if provides the owners of a business with liability protection between the business and the personal assets of the owners.This article address three important matters to consider in this process of starting an llc. [...]

Comment on LLC Tax: Do I Pay Tax On Profits That Remain in the LLC Business by Mike Harmon

Mike Harmon — Mon, 03 Nov 2008 14:00:15 +0000

Great post. I will read your posts frequently. Added you to the RSS reader.

Comment on How Do I Transfer Property to my Real Estate LLC? by Real Estate Lawyer

Real Estate Lawyer — Mon, 20 Oct 2008 12:55:04 +0000

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Comment on Checklist to Forming an LLC | Limited Liability Company by After LLC Formation, Do I need a business license? | LLC Answers

After LLC Formation, Do I need a business license? | LLC Answers — Sat, 18 Oct 2008 00:58:34 +0000

[...] more information on forming an LLC, check out other posts under this category. Share and [...]

Comment on Limited Liability Company LLC or Corporation? by limited liability company tax

limited liability company tax — Wed, 15 Oct 2008 08:21:04 +0000

limited liability company tax…

Well spoken. I have to research more on this as it is really vital info….

Comment on The Single Member LLC Operating Agreement Is Needed by Where Can I Find Limited Liability Company Law? | LLC Answers

Where Can I Find Limited Liability Company Law? | LLC Answers — Tue, 14 Oct 2008 18:08:59 +0000

[...] The Single Member LLC Operating Agreement Is Needed [...]

Comment on Checklist to Forming an LLC | Limited Liability Company by When Forming an LLC, How Much Will it Cost? | LLC Answers

When Forming an LLC, How Much Will it Cost? | LLC Answers — Mon, 13 Oct 2008 12:23:51 +0000

[...] you want to see a checklist for a limited liability company, I have written an earlier post with one. Share and [...]

Comment on Should My Company LLC be Manager Managed? by Sue Massey

Sue Massey — Fri, 10 Oct 2008 13:01:34 +0000

I just stopped by your blog and thought I would say hello. I like your site design. Looking forward to reading more down the road.

Comment on Member Managed LLC v. Manager Managed LLC by Should My Company LLC be Manager Managed? | LLC Answers

Should My Company LLC be Manager Managed? | LLC Answers — Fri, 10 Oct 2008 12:45:46 +0000

[...] helpful post can be found here: member managed LLC v. manager managed LLC Share and [...]

Comment on How Do I Transfer Property to my Real Estate LLC? by What is an LLC and How Does it Benefit Me? Free LLC Report. | LLC Answers

What is an LLC and How Does it Benefit Me? Free LLC Report. | LLC Answers — Mon, 06 Oct 2008 19:27:48 +0000

[...] How Do I Transfer Property to my Real Estate LLC? [...]

Comment on Should I Wait to Set Up an LLC until After my Business is Making Money? by Dan Waldron