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Blogs: LLC and Business Formation

Business formation December 13, 2022

Is a Nonprofit LLC Possible?

A limited liability company (LLC) pertains to a separate legal entity with combined features of a sole proprietorship, corporation, and partnership. LLC members enjoy liability protection, meaning that company creditors will lack the legal standing to come after the personal assets of the LLC members in the event of a lawsuit. On the other hand, […]

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Business formation December 6, 2022

Articles of Organization vs Operating Agreement: Everything You Should Know

New business owners are required to prepare and submit certain documents, such as articles of organization and operating agreements. These are both essential to your company but have stark differences. Many people who start their business on their own will only file the articles of organization because this fulfills the minimum filing requirement for the […]

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Business formation December 5, 2022

Everything You Need to Know About Creating a Real Estate LLC

A real estate partnership may serve as an investment strategy for your business. With the help of a real estate limited liability company (LLC), you can purchase, sell, and lease property without being personally involved. Hence, you must set up an LLC to protect your company from liability and separate your personal and commercial assets. […]

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Marketing Tips December 1, 2022

What is an Exit Strategy in Business?

Business owners always plan how to start and run a business. However, this initial planning won’t automatically include what the business will do once it fails or ends. In this article, you’ll learn about an exit strategy, its benefits, examples, and why it’s important in any business. What is an Exit Strategy in Business? An […]

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Business formation November 28, 2022

How to File Business Taxes for an LLC

Limited Liability Companies (LLCs) can have different taxation benefits, especially those that were set up in Nevada. However, this doesn’t exempt them from other forms of taxation. The Internal Revenue Service (IRS) will treat a limited liability company as part of the owner’s tax return, partnership, or corporation. This will depend on how many members […]

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