http://thellcexpert.com/llcanswers Limited Liability Company Knowledge Tue, 12 Jan 2010 19:11:28 +0000 http://backend.userland.com/rss092 en One of the benefits of forming a business LLC is that in most states, the owners of the business are not a matter of public record. This is not the case in all states. Some state do require that members of an LLC be disclosed and in some cases their ... http://thellcexpert.com/llcanswers/business-llc-can-ownership-be-kept-private/ Forming a limited liability company requires that a state LLC filing be made with the state agency responsible for regulating legal entities. One important requirement is that the proposed name for an LLC be available for use as an LLC name in that state. When you submit an LLC filing, the ... http://thellcexpert.com/llcanswers/llc-filing-versus-dba-name-filing/ If you are looking for the right incorporation service to form your LLC, you have found out that there are hundreds of them available on the Internet.  How do you know which one is right for you? Here is a short list of must haves in order to avoid making the ... http://thellcexpert.com/llcanswers/incorporate-llc-services-how-to-choose-the-right-one/ LLC operating agreements are written documents that set forth the ownership, governing and operational rules for LLC entities.  They can vary tremendously and should be tailored for each limited liability company. LLC operating agreements are not filed with the state.  They are private documents that are kept with the official records ... http://thellcexpert.com/llcanswers/llc-operating-agreements-are-they-filed-with-the-state/ When an LLC company is formed, the Internal Revenue Code gives it a default partnership tax structure.  What this means is that the profits and losses of the LLC business is passed through to the members at the end of each year. Because most members of LLC company businesses are individuals, ... http://thellcexpert.com/llcanswers/llc-company-when-does-an-llc-pay-taxes/ The series LLC is a specific kind of limited liability company that can be formed in a few states in the United States. A series LLC is an LLC that can have separate divisions to run different businesses.  Each division will be considered separate and apart from the other divisions in ... http://thellcexpert.com/llcanswers/series-llc-a-new-advanced-limited-liability-company/ Many LLC owners mistakenly think that because they might be the only owner or because their LLC only has a simple structure, there is no need for an operating agreement for the LLC. This could not be further from the truth. Having a proper and customized written operating agreement can ... http://thellcexpert.com/llcanswers/operating-agreement-for-llc-why-have-one/ A common area of LLC questions arises from business owners who are currently operating a business as a sole proprietorship but now want to move the business into an LLC. This is the best thing you can do for yourself and your business because as a sole proprietor, you are totally ... http://thellcexpert.com/llcanswers/starting-a-llc-for-an-existing-business/ The requirements for forming a Connecticut LLC are set forth in the Connecticut Limited Liability Company Act and the agency responsible for forming and regulating an LLC in Connecticut is the Secretary of State. CONNECTICUT LLC FILING FEE AND ANNUAL FEE Currently, the filing fee charged by the State is $120 and ... http://thellcexpert.com/llcanswers/connecticut-llc-formation-basics/ If you are planning on starting a small business, your business planning should involve not just business, finance and marketing but also protection and liability protection planning. Small business lawsuits are on the rise and business owners need the liability protection afforded by LLC incorporations more than ever. It is ... http://thellcexpert.com/llcanswers/llc-incorporation-for-small-business-a-smart-choice/ A limited liability corporation is a term often used to describe an LLC under state law.  The LLC laws of most states do not require that an LLC have officers. An officer typically includes a President, Treasurer and Secretary.  Each of these officer roles were traditionally defined in the corporation legal ... http://thellcexpert.com/llcanswers/limited-liability-corporations-do-they-require-llc-officers/ This question is very open ended. Most people will register an LLC to create a legal entity for operating a business. The LLC registration is the most important step but it is only the first step. LLC registration involves preparing and submitting a legally compliant filing with the state ... http://thellcexpert.com/llcanswers/llc-registration-2/ Many single member LLC owners mistakenly think that because their business only has one owner, it cannot be a manager managed LLC.  This is wrong. In fact, many times, a business gets too large or complex for the one member to be able to handle all the management of the business.  ... http://thellcexpert.com/llcanswers/single-member-llc-corp-can-i-have-a-manager/ In order to form an LLC, an LLC registration filing needs to be made with the state agency that handles legal entities.  This is usually the Secretary of State for most states but a few states use a different agency name. An LLC Registration usually consists of  a set of documents ... http://thellcexpert.com/llcanswers/llc-registration/ A limited liability company is not the substitute for business insurance. A limited liability company provides personal limited liability protection which prevents an owner of the business from being liable for "business" obligations merely because he/she is the owner. This gives you protection that a sole proprietor does not and ... http://thellcexpert.com/llcanswers/llc-business-v-insurance-does-the-llc-take-the-place-of-insurance/ Both the LLC and the S corporation offer personal limited liability protection to the owners of each entity. Both the LLC and the S corporation offer a single layer of pass through taxation so profits of a business run through either of such entities are not subject to the double taxation ... http://thellcexpert.com/llcanswers/llc-or-s-corp-what-are-the-differences/ The process for how to start an LLC depends on your state of formation. But in every case, you must know that a limited liability company does not exist until the processing for its formation has been fully completed and processed by the state agency responsible for forming LLCs. The only way ... http://thellcexpert.com/llcanswers/how-to-start-an-llc/ There is no one national body of LLC law.  The LLC (also known as a limited liability company) is a creature of state law. Each state passes its own set of legal provisions that govern the formation, governance, operation and dissolution of this kind of legal entity. Having said this, most states ... http://thellcexpert.com/llcanswers/llc-laws/ Many people get confused about whether a limited liability company is required to have a limited life because back before 1997, the tax rules required that one have a limited life as part of a test for having a single layer of pass through taxation. As a result, many of the ... http://thellcexpert.com/llcanswers/does-an-llc-limited-liability-company-have-a-limited-life/ The answer to this question is always "YES."  While the LLC laws of every state may not mandate one in order to have a valid LLC, a limited liability company without an operating agreement is like a country without any laws or regulations. Without an LLC agreement, the entity may exist ... http://thellcexpert.com/llcanswers/llc-agreement-do-i-need-one-for-my-limited-liability-company/