Start your business journey – LLC
A limited liability company (LLC) is a business structure in the U.S. that protects its owners from personal responsibility for its debts or liabilities.
How it works
Answer a few simple questions about your company.
Answer a few simple questions about your company.
Advantages of Forming an LLC
An LLC is a hybrid between a partnership and a Corporation in that it combines the “pass-through” treatment of a partnership with the limited liability accorded to corporate shareholders.
Limited Liability
Two Members Required
Transferability
Separate Legal Entity
Voting Interest
Guarantor Liability
Duration
Alter Ego Liability
Please note, however, that although a corporation’s failure to hold shareholder or director meetings may subject the corporation to alter ego liability, this is not the case for LLCs in California. An LLC’s failure to hold meetings of members or managers is not usually considered grounds for imposing the alter ego doctrine where the LLC’s Articles of Organization or Operating Agreement do not expressly require such meetings.
Management and control: Management and control of an LLC is vested with its members unless the articles of organization provide otherwise.
Formalities
To validly complete the formation of the LLC, members must enter into an Operating Agreement. This Operating Agreement may come into existence either before or after the filing of the Articles of Organization and may be either oral or in writing.

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