A limited liability company is a hybrid-type of legal structure that provides the limited personal liability features of a corporation with the tax efficiencies and operational flexibility of a partnership. Each state has specific guidelines for forming an LLC, but they all adhere to the same general principles.

No matter where your LLC is located, two documents are crucial to its success – the articles organization and operating agreement:

Who Voted for this Story





Comments


Log in to comment or register here.
Subscribe

Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!