LLC Help Guides and Resources | Page 2

LLC Help Guides

How to Effectively Use LLCs in a Property Rental Business

Using a limited liability company for a rental property business is one of the better decisions you could make. If you rent property in your name, you could be held liable if someone gets hurt. However, if someone falls and decides to sue the landlord, and your LLC is the landlord, then the person suing may only go after the LLC's assets—not your pe...

Using LLCs for Estate Planning

An LLC, or Limited Liability Company, is a business entity that is separate and apart from its owner(s). It offers asset protection and a less complicated tax and formal structure than a corporation. Small businesses and individuals often use......

Member-Managed vs. Manager-Managed LLCs

When setting up a business, you do not need to incorporate as a corporation if you do not want to have all of the formalities associated with a corporation. However, you are still able to benefit from most of the protections of a corporation......

Disaster Could Strike Your LLC without an Operating Agreement

Once you have decided to set up your Limited Liability Company (LLC), it is advisable to create an LLC operating agreement. This enables you to structure your working and financial relationships with any joint owners that are best suited to......

Forming an LLC: 11 Steps to Take after Your Business Is Established

Congratulations! If you have recently organized your business as a Limited Liability Company (LLC), you have taken the first step to becoming a proud business owner. Forming an LLC involves registering your company with the state, filing an......

Which Is Better for You: LLC or Corporation?

When you are in the beginning stages of your business, one of the biggest decisions that you have to make is the type of business structure you should form. There are many options available, but for many new business owners the decision comes......

Changing Your LLC Operating Agreement to Reflect the Growth of Your Business

Limited liability corporations (LLCs) are a relative newcomer to the tax code. They were first approved for use in 1977 when the state of Wyoming requested the formation of a business that could be managed and taxed like a partnership but......

4 Basic Advantages of an LLC

When choosing which type of business structure to form, one of the main considerations is finding a structure that maximizes the limits on personal liability. Starting and running a business is difficult enough, so finding ways to protect......

Partnership or LLC? What You Need to Know

The most basic aspect of creating a business is to determine which product or service the business will produce and market. Once that has been determined, the next critical step in the process is to......