Business Entities

Does my LLC have to have LLC in the name in Texas? The name of limited liability company must contain the words limited liability company, limited company, or the abbreviation of one of those phrases (i.e. LLC or LC). A Texas for-profit corporation must include one of the following words or abbreviations: company, incorporated, limited, … Read more

Upon information and belief, INSTAGRAM, LLC is a Delaware limited liability company with its principle place of business in Menlo Park, California. Read more on insight.rpxcorp.com Instagram is a social media site that has grown incredibly popular over time. It is a website where users can post photos and videos. Mike Krieger and Kevin Systrom … Read more

Do I want an LLC or corporation? Forming an LLC or a corporation will allow you to take advantage of limited personal liability for business obligations. LLCs are favored by small, owner-managed businesses that want flexibility without a lot of corporate formality. Corporations are a good choice for a business that plans to seek outside … Read more

What is the difference between LLC and PLC? An LLC is a privately owned business while a PLC is one that is publicly traded on the stock market. Each state has its own rules and restrictions regarding LLCs and PLCs, and not every business entity is available in every state. An LLC is a common … Read more

Can an S corp own an S corp? In general, corporations aren’t allowed to be shareholders. The only exception that allows an S corp to own another S corp is when one is a qualified subchapter S subsidiary, also known as a QSSS. The original business can own the new business as an S corp … Read more

What is the difference between a standard LLC and a series LLC? A series LLC is a regular business LLC that is set up to hold several properties or interests underneath one LLC. A series LLC can make distributions as allowed by state law. A restricted LLC, on the other hand, is a vehicle created … Read more

Can I change an S Corp to an LLC? Even in states that do not have such a simplified procedure, the change can be done merely by setting up a new state-law LLC. Merge the S-Corp. into the new LLC and designate the LLC as the survivor in the merger, Perris says. However, the experts … Read more

Can you convert from LLC to C Corp? Most states allow LLCs to be converted to a corporation by the simple filing of documents with the state. At the time of the conversion the LLC by operation of law becomes a corporation and, therefore, the owner of all the assets, liabilities and obligations of the … Read more

What is an S corporation in California? An S corporation is a corporation that elects to be taxed as a pass-through entity. They do not pay federal income taxes. They’re limited by the types of owners (shareholders) and cannot exceed 100 shareholders. A separate bank account and separate records are required with this form of … Read more

The success of any firm depends on selecting the appropriate business structure. Two well-liked options for small firms are limited liability companies (LLCs) and limited liability partnerships (LLPs). Both offer owners some degree of limited liability protection, but there are some significant variations. We’ll examine the advantages and disadvantages of each in this post to … Read more