What is an LLC?

The full form of LLC is Limited Liability Company. An LLC is a legal entity that protects your personal assets, if your business is sued. An LLC is a legal entity (the business structure) which is created by state law. An LLC is used to run a business (or) it can be used to hold assets such as vehicles, real …Read More …

Protect Personal Assets

Protection Wall: If your business is to be sued, LLC protects your personal assets safe, which creates a protection wall between your assets and the business assets. What Can a Business Entity Do? Business Entity makes money. Business Entity can own property. Business Entity can enter into contracts and agreements. Business Entity can open bank accounts. Business Entity can sue …Read More …

LLC’s Annual Report

Official State Department Name Business Division Business Entity Search Alabama Secretary of State Alabama Business Services Alabama Business Entity Alaska Secretary of State Alaska Division of Corporations, Business & Professional Licensing Alaska Corporations Database Arizona Secretary of State Arizona Corporation Commission Arizona eCorp Business Entity Search Arkansas Secretary of State Arkansas Business & Commercial Services Arkansas Business Entity Search California …Read More …

LLC Filing Fees by State

State LLC LLC Filing Fee LLC Annual/Bi-Annual Fee Alabama LLC $183 $100 minimum (every year) Alaska LLC $250 $100 (every 2 years) Arizona LLC $50 $0 (report due every year) Arkansas LLC $50 $150 (every year) California LLC $70 $800 (every year) + $20 (every 2 years) Colorado LLC $50 $10 (every year) Connecticut LLC $160 $20 (every year) Delaware …Read More …