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2. Low-profit limited liability company - Wikipedia

   en.wikipedia.org/wiki/Low-profit_limited...

   Many states have an initial filing fee along with an annual fee and annual report filing requirement necessary for an L3C to maintain its legal status. Following filing, the members of the L3C must execute a formal operating agreement. In the operating agreement, L3Cs need to define its purpose per the provisions of IRS Treasury Regs.Sec.53. ...

3. Incorporation (business) - Wikipedia

   en.wikipedia.org/wiki/Incorporation_(business)

   There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of a business such as loans, accounts payable, and legal

4. Limited liability company - Wikipedia

   en.wikipedia.org/wiki/Limited_liability_company

   In certain U.S. states (for example, Texas), businesses that provide professional services requiring a state professional license, such as legal or medical services, may not be allowed to form an LLC but may be required to form a similar entity called a professional limited liability company (PLLC). [4]

5. Elon Musk wants to take away Delaware’s incorporation ... - AOL

   www.aol.com/finance/elon-musk-wants-away...

   The taxes and fees generated by those businesses brought Delaware about $2 billion in 2022. But other states have been chipping away at Delaware’s standing in recent years by creating their own ...

6. Model Business Corporation Act - Wikipedia

   en.wikipedia.org/wiki/Model_Business_Corporation_Act

   In 1928, the Commissioners on Uniform State Laws promulgated a Uniform Business Corporation Act, which was subsequently adopted by three states, Louisiana, Washington and Kentucky, and partially adopted by a fourth, Idaho. [2]

7. Non-stock corporation - Wikipedia

   en.wikipedia.org/wiki/Non-stock_corporation

   For example, the fee for incorporating any non-stock or incorporating a stock corporation up to a small number of shares, say 40,000 might be $200, but a year later, at renewal, the renewal fee for a non-stock corporation would be $50, while the stock corporation would have a renewal fee of $50 plus a stock fee of perhaps another $200 or so.