Business Law

How long does it take to form a corporation in Colorado? The Colorado Secretary of State could take anywhere from 2-3 business days for e-filing to 3-5 days for mail filings to process the paperwork. Read more on www.mycompanyworks.com One of the initial actions you must do if you want to launch a business in … Read more

What is a Virginia limited liability company? A Virginia LLC is a business organization that has been formed under the Virginia Limited Liability Company Act (the “”LLC Act””). Anyone can serve as organizer of an LLC, except that for a professional services LLC, such as a medical practice, a licensed professional must sign. Read more … Read more

What does an inactive LLC mean? When a company has an inactive business status, this means that it still exists in the eyes of the law but that it has no activity taking place. It could also mean that it has had no business transactions take place in a particular year. Read more on www.upcounsel.com … Read more

Can an LLC be a nonprofit Colorado? A limited liability company (LLC) or a Low-Profit LLC can exist as a nonprofit limited liability company, if the LLC is completely owned by the single tax-exempt nonprofit organization and the LLC meets a dozen requirements as set forth in an IRS mandate called: “”Limited Liability Companies as … Read more

What does administratively dissolved mean in Washington state? Like most states, business entities (corporations and limited liability companies chief among them) in Washington are authorized to do business from year-to-year. If a company fails to do that within the time required, the Secretary of State will note the entity as have been “”administratively dissolved.”” Read … Read more

How do I close an LLC in Michigan? How do you dissolve an Michigan Limited Liability Company? To dissolve your LLC in Michigan, submit a completed Michigan Certificate of Dissolution form to the Department Licensing and Regulatory Affairs (LARA) by mail or in person. The form cannot be filed online. Use of LARA forms is … Read more

Can I abbreviate my LLC name? California LLC Name Requirements. Your business’s name must end with the words “”Limited Liability Company”” or the abbreviations “”LLC”” or “”L.L.C.”” You can even opt to abbreviate the words “”Limited”” and “”Company”” as “”Ltd.”” and “”Co.”” Most people just stick with “”LLC””. Read more on www.collective.com The name you … Read more

How do you dissolve an LLC in Texas? To dissolve your Texas LLC, you must file a Certificate of Termination with the Secretary of State. There is a $40 filing fee. The form can be filed online. If you’d like to save yourself some time, you can hire us to dissolve your LLC for you. … Read more

What is an LLC membership interest? An LLC membership interest refers to the ownership stake that a member holds in a limited liability company (LLC). While shareholders in a corporation own stock, an LLC’s owners, also known as members, are assigned membership interests as an expression of their ownership stakes. Read more on www.upcounsel.com A … Read more

Is a series LLC better? Compared to a normal LLC, A Series LLC is: More tax-efficient. More cost-effective. Better at protecting your assets. Read more on royallegalsolutions.com A Series LLC, usually referred to as a Delaware Series LLC, is a kind of limited liability company that provides liability protection to numerous businesses or assets within … Read more