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A series LLC is a special form of a limited liability company that allows a single LLC to segregate its assets into separate series. For example, a series LLC that purchases separate pieces of real estate may put each in a separate series so if the lender forecloses on one piece of property, the others are not affected.
Simple as the process may be, however, learning the seven legally required steps of how to start an LLC helps ensure that your new business starts without a hitch. 1. Choose your business name
Past Ohio voting sticker. The secretary of state of Ohio is an elected statewide official in the State of Ohio.The secretary of state is responsible for overseeing elections in the state; registering business entities (corporations, etc.) and granting them the authority to do business within the state; registering secured transactions; and granting access to public documents.
Sole proprietorship (person fizik) – A business owned and managed by one individual who is personally liable for all business debts and obligations. Limited liability company (LLC) – A hybrid legal structure that provides the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership.
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Separate legal entity: Like a company, LLP also has a separate legal entity. So the partners and the Limited liability partnership (LLP) in are distinct from each other. This is like a company where directors are different from the company.
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