What is the owner of an LLC called?

Limited liability companies (LLCs) are designed to be flexible in their ownership, taxation, and management. If you’re the head of an LLC, you’ll find that there are also several options for the title you give yourself. You aren’t required to call yourself...

Why you should form an LLC

Although a limited liability company, or LLC, isn't for every business owner, there may be good reasons why you should form an LLC. The following information will help you determine if an LLC is right for your business. A limited liability company (LLC) is a type of business...

Do I need an LLC to start a business?

An LLC, or limited liability company, provides personal liability protection and a formal business structure. You can also get those things by forming a corporation or other type of business entity. It's also perfectly legal to open a business without setting up any formal...

How to apply for an LLC (limited liability company)

One of the most important early decisions business owners must make is what business entity to register and conduct business under. There are plenty of business entity types to choose from—a sole proprietorship, C corporation, S corporation, limited liability...

Do you need a physical address for your business?

Many small business owners operate from their private residence, and for reasons of privacy and safety, they prefer to keep their address confidential and not list it as the physical address of their business. Perhaps you might feel you don't need a physical address...

What is an LLC and how does it work?

Here's a quick introduction to the LLC, to prepare you for exploring further aspects of LLCs, including their formation, operation, taxation, and how they contrast with other types of business entities. A limited liability company is a type of business entity...

How can members of an LLC get paid?

An LLC is a great way to organize your company to protect yourself from liability, but it's also likely you want to make money from your business. There are several ways to go about paying members of an LLC — including you.

How long will it take to create an LLC?

When you decide to form a business, it can be an exciting time. But, at least in some states, formally getting the limited liability company (LLC) paperwork done takes longer than expected. It’s not like ordering a product online, where you can...