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DBA statements are often used in conjunction with a franchise. The franchisee will have a legal name under which it may sue and be sued, but will conduct business under the franchiser's brand name (which the public would recognize). A typical real-world example can be found in a well-known pricing mistake case, Donovan v.
LLC & Co. KG: the general partner is a US LLC; Note that when a KG's general partner is a limited company, the resulting form is legally considered as a different subtype of KG; Partnerschaftsgesellschaft (PartG): partnership company; only for professional services
An LLC is a type of unincorporated association, distinct from a corporation. The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation. As a business entity, an LLC is often more flexible than a corporation and ...
If an LLC has a DBA, cancel that, too. Check with the respective state or a business dissolution service to understand the process and fees. Step 5: File dissolution papers.
LLC. Corporation. Ownership. Can be owned by one or multiple members. Owned by shareholders. Paperwork. Annual business filings can be handled by the business owner or manager
Trusts and limited liability companies (LLCs) are both legal vehicles that can be used to protect assets. Both are also created at the state level but they have different features and different uses.
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