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Articles of Incorporation Examples  Known as an LLC, a limited liability company is an entity that can conduct business and possess property similar to a corporation but without some incorporation formalities.  To form an LLC in most states, you must file articles of organization with your state’s secretary of state office. The process is generally […]

Limited Liability Company (what do LLC stands for) An LLC, or Limited Liability Company, is one of the most popular business structures in America today. This type of structure has become very popular due to its flexibility and the limited personal liability it provides. An LLC is formed by filing articles of organization with the state, and

Balance Sheet Example  Introduction The balance sheet is one of the most important financial statements you need to understand as a business owner. It’s a snapshot of your company’s assets, liabilities, and equity at a given time.  This article explains what each section means on the balance sheet so you can see if your company

Articles of Organization LLC A single member LLC is a legal entity that provides liability protection to its owner, just like a corporation or partnership. The owner files taxes as an individual and must pay for the business’s administrative costs alone.  However, there are benefits to operating your small business through a single-member LLC: The paperwork required is

Introduction You may get all the information you need in this article regarding LLCs in California. It goes over a California LLC’s formation requirements and maintenance obligations, plus how you can dissolve a company if required.  What is a California LLC? An LLC is a company that offers personal liability protection for its owners. It’s

Can LLC issue Stock  LLC stock certificates are much like those you would purchase from a corporation, and they offer the same level of security and are perfect for those who want to create an LLC paperwork or legal fees. However, these two differ significantly in specific important ways, forms of ownership regarding your business

Business Requirements As an entrepreneur, you’re used to taking on new challenges and finding creative solutions. However, several legal issues come with launching a business that many entrepreneurs overlook.  This article will address some of the legal requirements when launching a business so that you can have everything in place before getting started on your

Online Business Ideas You’ve heard of Uber and Airbnb. They’re examples of the sharing economy, where people make money by offering their services or assets to others. And they’re just two examples of what can happen when you become an entrepreneur. When you’re ready to make some extra money or start a business that lets

Introduction LLCs are a fantastic way to safeguard your assets from business liabilities. But before you jump into business, it’s essential to know the basics of forming an LLC and setting up a formal organizational structure.  This guide provides an overview of every company’s primary LLC documents to function correctly. What are the Organizational Documents for a

The Purpose of Business Many businesses Proformas are organized as LLCs (limited liability companies), and there’s a good reason. LLCs are the best way to protect your assets if something goes wrong.  But what exactly is an LLC? And how does it work? We’ll look at both questions and more in this post. What is the Business Purpose of