Unlocking Your Business Potential
What is a series in an LLC? A Series LLC consists of the “”parent”” or “”umbrella”” LLC with one or more series that are established under the parent. Each series has characteristics that are separate from the Series LLC itself and every other series. Each series can have its own assets, members, managers, purpose, and … Read more
Is a member managed LLC a partnership? The LLC managing partner will have duties and responsibilities as defined in the business’s Articles of Organization. They operate as a separate entity from the business’s owners. This means there is limited liability for owners, while tax laws offer the ability to be taxed as a partnership. Read … Read more
Is a series LLC a separate legal entity? Each series is not a separate entity, it is merely a separate container. If done properly, though, from an asset protection standpoint, it accomplishes a similar goal of shielding the assets of an individual series from the other series or master (parent) LLC. Read more on cenkuslaw.com … Read more
Does South Dakota allow Series LLC? The South Dakota Legislature recently passed laws allowing for the formation of “”Series LLCs”” in South Dakota. Essentially, each series acts much like a separate LLC, but with fewer and less costly filing requirements for maintaining the entity. Read more on dehs.com One of the states in the US … Read more
Can I change the purpose of my LLC? In fact, LLCs are very flexible. They can be used for 1 purpose or multiple purposes (there are no limits). And that LLC purpose (or purposes) can change and evolve as your business grows. You can always change the purpose of your LLC later (by filing an … Read more
What is Montana LLC? A Montana LLC (Limited Liability Company) is a business entity that combines the best of a corporation with those of a partnership or sole-proprietorship. Read more on www.49dollarmontanaregisteredagent.com Setting up an LLC might be the best course of action for you if you’re thinking about launching a business in Montana. The … Read more