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  2. LLC vs. Corporation - AOL

    www.aol.com/finance/llc-vs-corporation-203712316...

    LLC vs. Corporation. TJ Porter. April 30, 2024 at 1:37 PM ... file articles of incorporation, write corporate bylaws, draft a shareholder agreement, hold initial meetings, issue stock and register ...

  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

    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 ...

  5. List of legal entity types by country - Wikipedia

    en.wikipedia.org/wiki/List_of_legal_entity_types...

    A business entity is an entity that is formed and administered as per corporate law [Note 1] in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service. There are many types of business entities defined in the legal systems of various countries.

  6. Articles of organization - Wikipedia

    en.wikipedia.org/wiki/Articles_of_Organization

    It is the Articles of Organization that establishes the power, rights, liabilities, duties, and other important obligations of LLC members. This document also establishes the obligations between LLC members. [2] Most secretaries of state provide fill-in-the-blank PDF templates to file with the state. Some people use the services of an attorney ...

  7. How to get a business loan with an LLC - AOL

    www.aol.com/finance/llc-loan-152358370.html

    Articles of incorporation, business license and proof of business insurance (if applicable) Business plan. A document detailing how you intend to use the funds and the financial benefit they’ll ...

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