A Limited Liability Company (LLC) is a legal entity that bears similarities to both corporations and partnerships. An LLC is formed under specific state statutes that provide for the creation and regulation of this special type of entity that has come to be commonly used and respected in business. CorpNet® can form your LLC in any state saving you time and money with service that is Fast, Reliable, Affordable, and 100% Guaranteed! Learn more about how to form an LLC below.
An LLC can be used to combine the limited liability features of a corporation with the flexibility and tax benefits of a partnership. Owners of an LLC are generally known as “members.” Management and control of the entity resides with the members unless otherwise provided in the formation documents.
While an LLC does require the filing of Articles of Organization and the adoption of an Operating Agreement by its members, CorpNet® document filing service can provide you with the assistance you need to meet these requirements with minimal investment of your valuable time and money.
Who Forms LLCs?
Forming a Limited Liability Company is for owners wanting a separate business entity for liability protection, but with fewer formalities. They also want the choice between pass-through and corporate taxation, as well as the ability to allocate profits and losses in proportions different from ownership interests.
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