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Company Llc Form

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Instructions and help about Company Llc

An LLC is a Limited Liability Company. A legal entity, also a business structure, that's created by state law. An LLC can be used to run a business, or it can be used to hold assets such as real estate, vehicles, boats, or aircraft. The owners of an LLC are called Members. An LLC can be owned by one person, called a Single-Member LLC, or an LLC can be owned by two or more people, called a Multi-Member LLC. The LLC is created by filing LLC formation documents with your state and paying the filing fee. So why would you form an LLC? The number one reason is for asset protection. By forming an LLC, you create a protective wall between your business and your personal assets. Your personal assets include everything that you own. Your home, cars, trucks, bank accounts, investment properties, boats, jewelry, etc. If your business is sued, creditors can only attack the assets of the LLC to settle those debts and liabilities. Your personal assets are safe and secure. They are not conside

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