When starting your limited liability corporation (LLC), one of the first things you’ll have to do is decide what kind of LLC you want to build. Some are small ventures run by one person or a family.

Looking to protect your assets and simplify the process of starting a business? Look no further than the Limited Liability Company (L.L.C.). This versatile business structure offers limited liability ...

Limited liability companies are legal structures that shield their owners from personal and, usually, professional, liability. Any losses generally are limited to the owner's investment. LLCs also ...

Opinions expressed by Entrepreneur contributors are their own. A corporation isn’t required to have a full team of c-suite executives and large, formal shareholder meetings. It is possible to be the ...

Members of limited liability companies (LLCs) are divided into managing members who actively participate in the day-to-day running of the business, and inactive members whose involvement with the LLC ...

Consider the following hypothetical: The operating agreement of an LLC vests management authority in its two members. In practice, and by informal mutual consent, only one of the members actively ...

There are about 15,000 New Hampshire two-member LLCs in good standing. Because they face a lesser risk of veil-piercing than single-member LLCs, two-member LLCs can provide both of their members with ...

The use of the limited liability company (LLC) has mushroomed in popularity over the past two decades. IRS statistics show a 66% increase in domestic LLCs between 2005 and 2014, and in 2004 LLCs were ...

Lindsey Crossmier has been a financial writer since 2022, and has been regularly quoted as an expert in outlets such as U.S. News, GOBanking Rates and Yahoo! Finance. She leverages her Yale financial ...

Members control their own fate, but they tempt that fate unnecessarily if they wait until it is too late to review the LLC's operating agreement. New Jersey's Revised Uniform Limited Liability Company ...