Business Law

Does New York allow single member LLC? A single-member LLC (SMLLC) may choose to be taxed as a corporation, including an S corporation, or to be disregarded as an entity for federal income tax purposes. If the SMLLC is disregarded and the single member is an individual, the SMLLC will be treated as a sole … Read more

Is it hard to get an LLC in California? Starting an LLC in California is Easy. LLC California – To start a California LLC, you’ll need to file your Articles of Organization with the California Secretary of State, which costs $70 online. You can apply online, in person, or by mail or fax. Read more … Read more

What qualifies as doing business in Minnesota? Typically, “”doing business”” is defined by activities such as maintaining a physical office or having employees in the state in the state. The official website for the state of Minnesota lists several activities that are not classified as transacting business in the state. Read more on www.delawareinc.com The … Read more

What happens when there is no operating agreement? If there is no operating agreement, you and the co-owners will not be suitably equipped to reach any settlements concerning misunderstandings over management and finances. Worse still, your LLC will be required to follow any of your state’s default operating conditions. Read more on www.legalnature.com In the … Read more

Can I use a virtual address for my LLC in NC? A: Yes ? You can use a virtual address for LLC registration. Virtual addresses provide a real physical address which you can use to register your business. Take a look at our infographic on how to setup your LLC using a virtual business address … Read more

How do I incorporate in Alabama? How to Form a Corporation in Alabama Choose a Corporate Name. Prepare a Certificate of Formation. Appoint a Registered Agent. Set Up a Corporate Records Book. Prepare Corporate Bylaws. Initial Corporate Directors. Hold Your First Board of Directors Meeting. Issue Stock. Read more on www.nolo.com A critical first step … Read more

How do I form an LLC in North Dakota? How to Start an LLC in North Dakota Choose a Name for Your LLC. Under North Dakota law, an LLC name must contain the words “”Limited Liability Company”” or one the abbreviations: “”L.L.C.”” or “”LLC.”” Appoint a Registered Agent. File Articles of Organization. Prepare an Operating … Read more

Does a single member LLC need an operating agreement Florida? Florida does not require an SMLLC to have an operating agreement. However, even though an SMLLC has just one member, an operating agreement is highly recommended. An SMLLC operating agreement does not need to be filed with the state. The operating agreement is usually made … Read more

Do I need to register my LLC in California? LLCs, Corporations, LPs, LLPs, or GPs operating in California need to register and form their legal entity with the California Secretary of State’s Office, file appropriate taxes, register as an employer, and obtain business licenses and other permits from appropriate cities or counties. Read more on … Read more

What is an operating agreement for a business? An operating agreement is a key document used by LLCs because it outlines the business’ financial and functional decisions including rules, regulations and provisions. Once the document is signed by the members of the limited liability company, it acts as an official contract binding them to its … Read more