Closing Your Business in Louisiana: What You Need to Know

How do I close my business in Louisiana? A corporation can choose to dissolve by two different methods: by filing a notarized affidavit of dissolution with the Louisiana Secretary of State, or by filing an application to dissolve, referred to as a long form dissolution. Read more on revenue.louisiana.gov There are various procedures you must … Read more

Does Tennessee Recognize Series LLC?

Does TN recognize Series LLC? Tax Classification Each series is treated as a separate entity for Tennessee state tax purposes. A Master LLC or a series that is wholly owned by a corporation and that is disregarded for federal income tax purposes will be disregarded for Tennessee franchise and excise tax purposes. Read more on … Read more

Understanding the LLC Minute Book and Other Corporate Records

What is a LLC minute book? Your company minute book is where you keep all your company’s important paperwork such as your state filing documents and company meeting minutes. Read more on www.mycompanyworks.com The use of limited liability organizations (LLCs) as a legal form of organization is growing in popularity among entrepreneurs and owners of … Read more

Does DC Recognize LLC?

Does DC recognize LLC? Unlike most states that recognize an LLC’s federal election to be taxed as an S-Corporation, DC does not. Instead, for DC tax purposes, an S-Corporation is treated as a C-Corporation and must meet all C-Corporation filing requirements in the District. Read more on www.llcuniversity.com Limited liability companies (LLCs) are recognized as … Read more

Series LLC: Legal Status in Different US States

Does NH allow Series LLC? Although neither the New Hampshire courts nor the Legislature has yet addressed the use of the Delaware Series LLC in New Hampshire, generally, Delaware and New Hampshire enjoy reciprocal legal recognition of their corporate entities. Read more on www.mclane.com With a series LLC, a single LLC can be divided into … Read more

Understanding Non-Commercial Agents and LLCs in Maryland

Who is a non commercial agent? A noncommercial registered agent is typically an individual or small company providing services within just one or only a few states. These persons and businesses have not filed a listing with the states where they serve clients. Read more on www.corpnet.com A non-commercial agent is a person or organization … Read more

Five Components of a Partnership Agreement: Understanding the Basics

What are the five components of a partnership agreement? Here are five clauses every partnership agreement should include: Capital contributions. Duties as partners. Sharing and assignment of profits and losses. Acceptance of liabilities. Dispute resolution. Read more on www.findlaw.com The rules and conditions of a partnership between two or more people or organisations are outlined … Read more

What Happens When a Limited Liability Company is Dissolved?

When a limited liability company is dissolved any member including those who wrongfully? When a limited liability company is dissolved, any member, including those who wrongfully dissociated, may participate in the winding up process. 25. Normally, a member who dissociates from a limited liability company (LLC) has the right to force the LLC to dissolve. … Read more