Can a Manager Be a Member of an LLC?

Can a manager be a member of an LLC? A manager may be a member but does not have to be. A manager may be another LLC or a corporation unless your state sets restrictions on the types of entities that may be managers of an LLC. Most LLCs are member-managed by default in most … Read more

Understanding Member-Managed Limited Liability Companies (LLCs)

What does member-managed mean for LLC? A member-managed LLC places management authority in the owners of the LLC (called “”members:””). In a member-managed LLC, each owner is an agent of the LLC and has the power to bind co-owners by signing company contracts, borrowing money and making other decisions. But members must vote to approve … Read more

The Cost of an LLC in Kansas: A Comprehensive Guide

What is the cost of an LLC in Kansas? How much does it cost to form an LLC in Kansas? The Kansas Secretary of State charges $165 to file the Articles of Organization. You can reserve your LLC name with the Kansas Secretary of State for $30 when filing online or $35 when filing by … Read more

Can You Have the Same Business Name as Someone Else?

Can you have the same business name as someone else? Businesses can have identical names if they are formed in different states. You should check if other businesses have the same or similar names using our tool. If you want to use a business name that’s used elsewhere, check if it’s available in your state … Read more

Should a Real Estate Broker Have an LLC?

Should a real estate broker have an LLC? Is an LLC good for a real estate brokerage? Yes. An LLC will give you personal liability protection against potential business risks as well as give your real estate brokerage more tax options and credibility. It is relatively inexpensive and simple to form and maintain an LLC. … Read more

Is Certificate of Organization Same as Certificate of Existence?

Is certificate of organization same as certificate of existence? A Certificate of Existence is not the same as a Certificate of Incorporation or a Certificate of Organization. Read more on www.upcounsel.com There are numerous legal documents that must be filed in order to create a corporate corporation. The Certificate of Organization and the Certificate of … Read more

Understanding LLC Series in Illinois: A Comprehensive Guide

What is an LLC series in Illinois? A series LLC in Illinois is a special type of LLC that provides specific liability and tax benefits to its owners and members. The series LLC consists of a master LLC and one or more individual series that branch off from it. Read more on howtostartanllc.com There are … Read more

How to Create a Multi-Member LLC in Florida

How do I create a multi-member LLC in Florida? Doing so requires you to take the following steps: Check to ensure your LLC name is available. Name a registered agent. Decide on the type of entity you want. Pay the filing fee. Craft your operating agreement. Obtain your Employer Identification Number (EIN). Read more on … Read more