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  Answers to FAQS On Limited Liability Company

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Limited Liability Company

General Limited Liability Company FAQs
What are some the advantages and disadvantages to forming a L.L.C.?
Why should I consider forming a L.L.C.?
Can a non-resident alien have an ownership interest in an LLC?
How can I convert my sole proprietorship into an LLC?

L.L.C. Basic Facts
What is a Limited Liability Company (LLC)?
Can a non U.S. citizen be a member of an LLC?
Who can be a member of an LLC?
How is an LLC organized?
Member-managed vs. manager managed LLCs?
Does an LLC offer limited liability protection to its members?
How long does an LLC Exist?
How is an LLC Taxed?

L.L.C. Formation
What are some of the advantages to forming an LLC?
What are some of the disadvantages to forming an LLC?
Do I need an attorney to form an LLC?
Do I need two members to form an LLC?
What paperwork is involved in the formation process?
What is the Articles of Organization?
What is the Operating Agreement?
Do I need an Operating Agreement?
Do I need a Federal Tax ID Number (EIN)?
In which state should I form my LLC?
What should I name my LLC?
What will I need to open a bank account?
Can a non-resident alien have an ownership interest in an LLC?

L.L.C. Maintenance
Must I hold LLC meetings?
Who votes in an LLC?
How is an LLC Managed?
How are new members admitted to the LLC?
Can I sell my member interest in an LLC?

L.L.C. Dissolution
Coming Soon!


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