Blogs: LLC and Business Formation

Business formation February 14, 2024

The Structure, Purpose, and Perks of a Holding Company for Your LLC

What Is a Holding Company? A holding company is formed to own, control, and manage other businesses or assets. In the context of an LLC, a holding company typically acts as an umbrella organization that oversees one or more subsidiary companies. While the holding company owns a significant portion of the subsidiary’s stock, it does […]

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Business formation February 13, 2024

Exploring the Possibilities: Can an LLC Own Another LLC?

The Legality of Parent LLCs LLCs are established and governed by state laws, which vary from state to state in the United States. While the specifics may differ, all states recognize that an LLC can own another LLC.  Such a legal foundation will allow businesses to create hierarchical structures and take advantage of the benefits […]

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Business formation

Elon Musk Recommends Incorporating in Nevada & Forming LLCs

Musk recently made headlines after he made a statement recommending businesses to incorporate in Nevada and Texas. Although it seemed like Musk was only sharing his thoughts on incorporation, the move was a jab at Delaware’s ruling regarding his pay package worth more than $55 billion.  If you want to learn how the class action […]

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Business formation February 12, 2024

The Dynamics and Advantages of Multi-Member LLCs: What You Must Know

Although a single-member LLC remains a viable choice for solo entrepreneurs, multi-member LLCs offer unique advantages for businesses with multiple owners. What Are Multi-Member LLCs? As the name suggests, a multi-member LLC comprises multiple individuals or members who share ownership and responsibility. Unlike single-member LLCs, owned by a sole member, a multi-member LLC involves two […]

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Finance February 8, 2024

Probate in a Will: What Is It and How Does It Work?

What Is Probate? Probate is the legal procedure through which a deceased person’s assets are distributed, and debts are settled under the supervision of the court. The process is often initiated by submitting the deceased individual’s will if one exists.  The Importance of a Will Also known as a last will and testament, a will […]

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