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Can an LLC be a manager of another LLC in Texas? In most states, an LLC is member-managed by default, but Texas and some other states require an LLC’s owners, also known as members, to state in the Certificate of Formation whether their company will be member-managed or manager-managed. The manager elected to manage an … Read more
Do I need a certificate of existence for my LLC in Washington state? Washington businesses are not legally required to obtain a certificate of existence. However, your business may choose to get one if you decide to do business outside of Washington or get a business bank account. Read more on howtostartanllc.com You might be … Read more
What is the designated office for an LLC? The designated office is where copies of the organizational documents, operating agreement financial and other business records must be kept. Read more on bpd.cdn.sos.ca.gov Designating an office where the company can receive legal notices and official papers is one of the crucial prerequisites when founding a Limited … Read more
What is the difference between a series LLC and a professional LLC? PLLCs offer the same benefits as LLCs. The main difference between a LLC and a PLLC is that only professionals recognized in a state through licensing, such as architects, medical practitioners and lawyers, can form PLLCs. Read more on smallbusiness.chron.com The selection of … Read more
Can a corporation merge into an LLC? The corporation can be merged into an LLC. Also, the corporation’s assets could be contributed to the LLC in return for membership interests which would then be distributed to the shareholders in complete liquidation of the corporation. Read more on www.mmmlaw.com Businesses are always changing, thus it occasionally … Read more
Can LLC members take distributions? A limited liability company (LLC) transfers cash and property to its members by making distributions. A distribution from an LLC classified as a partnership may represent a guaranteed payment, a return of capital, a distribution of operating profits, or a disguised sale of property. Read more on www.thetaxadviser.com Because they … Read more
Can a single-member LLC file as an S Corp? As a single member LLC, you can elect to be taxed as an S-Corp as long as the election is made no more than two months and 15 days after the beginning of the tax year you want the election to go into effect. You make … Read more
Do you need a Delaware address for an LLC? No, you do not need to have a business address or office in Delaware. Many corporations and LLCs that are incorporated in Delaware do not have a physical business address in the state and have only incorporated in Delaware to have the business internal affairs governed … Read more
Who is the owner of an LLC in Florida? Any person can form a single member LLC. An LLC can be formed by filing with the assistance of an incorporation service like IncNow. Any person or legal person can be the single member of an LLC. Read more on www.incnow.com Due to its adaptability and … Read more
How long does an LLC last in Utah? File Annual Renewals. All Utah LLCs and foreign LLCs authorized to do business in the state must file an Annual Renewal (the equivalent of an annual report) with the Utah Division of Corporations and pay a $20 fee. The renewal is due one year from the date … Read more