Business Law

What do articles of organization include? The articles of organization document typically includes the name of the LLC, the type of legal structure (e.g. limited liability company, professional limited liability company, series LLC), the registered agent, whether the LLC is managed by members or managers, the effective date, the duration (perpetual by default Read more … Read more

Do you have to pay for an LLC in Florida? How much does it cost to form an LLC in Florida? The Florida Division of Corporations charges $125 to file the Articles of Organization. You can reserve your LLC name with the Florida Division of Corporations for $50. Read more on www.nolo.com You might be … Read more

Yes, any owner or employee of a business can be its registered agent in Colorado as long as they are over the age of 18, and have a street address in Colorado. You could also choose to elect a member of your LLC, or even a friend you trust, as long as the person meets … Read more

How much does it cost to set up an LLC in Maine? To start a Maine LLC, you’ll need to file the Certificate of Formation with the Maine Secretary of State, which costs $175. You can apply by mail. The Certificate of Formation is the legal document that officially creates your Maine Limited Liability Company. … Read more

Is an S Corp a pass-through entity? S corporations: S corps are pass-through taxation entities. They file an informational federal return (Form 1120S), but no income tax is paid at the corporate level. The profits/losses of the business are instead “”passed-through”” to the business and reported on the owners’ personal tax returns. Read more on … Read more

Can a California LLC be a registered agent? Yes, you can be your California LLC’s Registered Agent, as long as you have a street address located in the state. Read more on www.llcuniversity.com You might be curious about the prerequisites for a registered agent if you’re creating an LLC in California. An individual or organization … Read more

Can you start an S Corp by yourself? If you’re a sole proprietor you can’t choose S Corp taxation. Instead, you must form a separate business entity in your state. Then, you can choose S Corp tax status by filing an election with the IRS (Internal Revenue Service). Read more on www.collective.com If you’re considering … Read more

What are member distributions? Distributions to a member reflects that member’s share of the company’s profits, and a dividend paid to a stockholder is essentially a premium or reward that shareholders sometimes receive when the corporation has sufficient earnings or excess cash on hand. Read more on info.legalzoom.com Many small and medium-sized businesses (SMBs) choose … Read more

Does Maryland recognize S corporations? Like Maryland C corporations, an S corporation is recognized by the law as an individual entity, separate from its shareholders (owners), many times treated as a human being. Protection of shareholders’ personal assets is one of the major reasons Maryland business owners choose to incorporate. Read more on maryland.maxfilings.com Selecting … Read more

Are Articles of Incorporation and certificate of formation the same? The Articles of Incorporation are what officially register your business within its home state and informs the state of key aspects of your business. Articles of Incorporation are sometimes referred to as the “”certificate of formation”” and this document is what legally documents the creation … Read more