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Limited Liability Company Form

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Instructions and help about limited liability company

so what is a limited liability company um well first of all it's limited liability company many people make the mistake in the name of saying calling it a limited liability Corporation it's not a corporation it is a limited liability company and it's a special form of entity recognized by States and it's extremely common for small to midsize businesses because of the ease of formation the lack of formal maintenance requirements and um the uh Limited liability protection that it offers so let's go through each of the elements real quick of the um of the limited liability company so you can understand the nature of this business entity so first is creation so it again it has to be filed with the Secretary of State's office and the and the state recognizes the limited liability company as a business entity within the state so um you go through the filing process selecting the name Etc and the um you organize it with the state and the state g

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