Business Law

Does Idaho recognize Series LLC? In fact, the series LLC is not not available in all states and has only been adopted in Delaware, Nevada, Illinois, Iowa, Oklahoma, Tennessee, Texas and Utah. Read more on corporatedirect.com One state that has approved the Series LLC structure is Idaho. This indicates that company owners who opt to … Read more

The existence of an operating agreement for your Limited Liability Company (LLC) is not legally required in Pennsylvania. Nevertheless, it is strongly advised to have one in place because it can give your company direction and structure while safeguarding your personal assets. An operating agreement is a formal contract that spells out how your LLC … Read more

Can an S corp own multiple LLCs? In most cases, yes. S corporations can own some or all of a limited liability company (LLC) unless it is a professional limited liability company (PLLC). LLCs, however, cannot always own S corporations. Read more on info.legalzoom.com The flexibility offered to business owners by creating a limited liability … Read more

Is Colorado a good state to form an LLC? As with any other state, it is a great idea to incorporate in Colorado in order to protect your personal assets from the business. Incorporation or the formation of an LLC allows you to shield your personal assets and property from the assets and liabilities of … Read more

What is a Nevada LLC? A Nevada LLC is created by filing Articles of Organization Limited-Liability Company with the Nevada Secretary of State. The articles must include: the LLC’s name. Read more on www.nolo.com Nevada Limited responsibility Company (LLC) is a legitimate corporate form that protects its owners from limited responsibility. Entrepreneurs find it appealing … Read more

Who can form LLC? Who can form an LLC? Typically, there are no residency or legal restrictions as to who can start an LLC. However, a few states impose requirements that members and/or managers must be at least 18 years of age, or the age of consent. Read more on www.wolterskluwer.com The flexible corporate form … Read more

How do I reinstate an LLC in Illinois? To revive an Illinois LLC, you’ll need to file the Application for Reinstatement Following Administrative Dissolution or Revocation (Form LLC 35.40/45.65) with the Illinois Secretary of State’s Department of Business Services. You’ll also have to fix the issues that led to your Illinois LLC’s dissolution. Read more … Read more

Does Wisconsin have PLLC? As a licensed professional in Wisconsin you can structure your business as a Wisconsin professional limited liability company (PLLC). This will give you protection from several important types of liability. It also may provide certain tax advantages compared to other ways of structuring your business. Read more on www.nolo.com One of … Read more

Can an LLC own another LLC? As for the legality of ownership, an LLC is allowed to be an owner of another LLC. LLC members can therefore be individuals or business entities such as corporations or other LLCs. It is also possible to form a single-member LLC whose only owner is another LLC. Read more … Read more

What is a close limited liability company in Wyoming? The Close LLC is designed with small businesses in mind. The Wyoming LLC Act allows close companies to sidestep onerous formalities while otherwise keeping the benefits of a Wyoming LLC. Generally, the designation is for single-member LLCs and for when members are close to one another, … Read more