Business Law

Who has power in an LLC? LLCs are owned by members who generally are not legally liable for company debts. LLCs have the legal authority to enter contracts relating to their business operations, but the laws of the individual states outline the parties that may legally bind an LLC to contractual agreements. Read more on … Read more

How do I close my LLC in Delaware? Steps to Cancel a Delaware LLC Consult the LLC Operating Agreement. Take a Member Vote. Appoint a Manager to Wind up the LLC’s Affairs. Payoff Creditors, Current and Forseeable, before paying Members. Pay The Delaware Franchise Tax. Pay the LLC’s members. File a Certificate of Cancellation. Read … Read more

Do S corps have a limited life? Like C corporations, S corporations have unlimited life and provide its owners with limited liability protection. However, you cannot take your S corporation public and sell your stock on a stock exchange. This is an important consideration if you need to raise large amounts of capital to grow … Read more

How do I change my registered agent in Washington state? To change the registered agent, for a business registered with the Washington Secretary of State, you can go online and file a Statement of Change. This service is free of charge. You may also update your Registered Agent information at the time of filing your … Read more

Do you have to renew LLC Every year in sc? Unlike most other states, South Carolina does not require LLCs to file an annual report. Read more on www.nolo.com You might be asking if you need to renew your Limited Liability Company (LLC) in South Carolina on a yearly basis. Yes, you are required to … Read more

Does Iowa require a registered agent? Corporations and LLCs in Iowa are required by law to have a registered agent. Iowa registered agents serve as a business’ main point of contact with the world. If an LLC or corporation in Iowa is sued, the Iowa registered agent will be served with the legal paperwork (service … Read more

How do I dissolve an LLC in Arkansas? To dissolve your Arkansas LLC, you submit the completed form Articles of Dissolution for Limited Liability Company to the Arkansas Secretary of State, Business and Commercial Services (BCS) by mail or in person. You cannot file articles of dissolution online. Make checks payable to Arkansas Secretary of … Read more

How long is an LLC good for in the State of Missouri? Registration as a limited liability partnership or an LLLP is only valid for one year, but such registration may be renewed on a yearly basis by filing a renewal form with the Secretary of State. Read more on www.sos.mo.gov A Limited Liability Company … Read more

Does an LLC have a limited life? A limited liability company (LLC) has unlimited life and limited liability for its members. There’s no limit to the number of shareholders you can have. Your shareholders can be U.S. citizens, residents, foreigners, partnerships and corporations. However, you cannot take your LLC public and sell stock to the … Read more

Limited Liability Companies (LLCs) are legal entities that provide their owners with limited liability protection. Due to its advantages, this legal framework is becoming more and more popular among business owners. The procedures for forming an LLC differ from state to state and are governed by state legislation. This raises the issue of an LLC’s … Read more