Unlocking Your Business Potential
What is a holding company LLC? A holding company is a parent business entity-usually a corporation or LLC-that doesn’t manufacture anything, sell any products or services, or conduct any other business operations. Its purpose, as the name implies, is to hold the controlling stock or membership interests in other companies. Read more on www.wolterskluwer.com A … Read more
How much does it cost to set up an LLC in Alabama? The Alabama Secretary of State charges a $100 fee to file the Certificate of Formation. You must also pay a separate Probate Court filing fee, which is at least $50. You must reserve your business name by filing an LLC name reservation. It … Read more
Can a trust own an S corp? Only estates, individuals, and certain trusts can own shares in an S corp. However, the number of beneficiaries of an electing small business trust (ESBT) or voting trust are all counted as shareholders for an S corp. If you fail to comply with these strict ownership rules, your … Read more
Can I use a PO Box for my LLC in Washington State? When creating or maintaining a domestic (WA) or foreign (non-WA) legal entity like a corporation or an LLC, the address requirements can often be confusing. The Principal Office (formerly Principal Place of Business) address must be the street address of the business. A … Read more
Can an S Corp have only one member? The only way an S corporation can have more than 100 shareholders is when some of the shareholders are family members. This is because family members can be treated as one person. With the exception of single-member S corporations and some trusts, all the shareholders of an … Read more
Can an LLC own a S-Corp? An LLC can act as an investor in a corporation just like an individual would, but S corporations can only be owned by actual individuals. Even though an S corp cannot be owned by an LLC, an S corp can own an LLC. Shareholders cannot be any business entities … Read more
How do I find a company’s operating agreement? If you’re not sure who is serving as the LLC’s registered business agent, the information is available through the Secretary of State’s office in the state where your business is registered. The same office may also have a copy of your LLC operating agreement, although filing such … Read more
How much does it cost to start an LLC in Oklahoma? How much does it cost to form an LLC in Oklahoma? The Oklahoma Secretary of State charges a $100 fee to file the Articles of Organization. You can reserve your business name by filing an LLC name reservation for $10. Oklahoma LLCs are also … Read more
What is a domestic limited partnership? More Definitions of Domestic limited partnership. Domestic limited partnership means a partnership formed by 2 or 16 more persons under the laws of the State and having one or more generalpartners and 17 one or more limited partners. Read more on www.lawinsider.com When two or more people or organizations … Read more
How do I set up a foreign LLC? To register the foreign LLC, you will need the information from the Articles of Organization and you will need a copy of the official LLC document from the state. Next, determine if you are “”doing business”” in another state and are thus required to register as a … Read more