Form a LLC: Limited Liability Company
Forming a LLC, limited liability company, requires the filing of Articles of Organization. Form a LLC to get limited liability protection and pass-through taxation. LLC formation does require the filing of tax returns, but income and/or loss is passed thru to the members.
To form a LLC, articles of organization or a certificate of organization must be filed with the appropriate state office. The legal existence of the LLC begins with the creating and filing of the organizational business forms.
Prior to starting business operations, the members should complete an LLC operating agreement that sets forth the rules for running the LLC and the rights of the members.
