A limited liability company is a hybrid-type of legal structure that provides the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership.
The “owners” of an LLC are referred to as “members.” Depending on the state, the members can consist of a single individual (one
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Registering a business involves filing paperwork with the government to obtain certificates, licenses and permits in order to legally operate. Business registration encompasses everything from obtaining a tax ID and naming your business to applying for local business licenses.
Business registration is not a one-time activity, but something you need to do
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When beginning a business, you must decide what form of business entity to establish. Your form of business determines the amount of regulatory paperwork you have to file, your personal liability regarding investments into your business, and the taxes you have to pay. You may need to contact several federal agencies as well as
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