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  • What does it mean LLC ?
    "LLC" stands for "Limited Liability Company." It's a business structure where owners (members) have limited liability for the company's debts and can choose how to be taxed.
  • What are tax implications?
    "Tax implications" refer to the effects a financial decision or transaction may have on the amount of taxes an individual or business owes. It involves considerations like income tax, deductions, credits, and how specific actions may impact overall tax liability.
  • What does it mean Sole proprietorship?
    "Sole proprietorship" means a business owned and operated by a single individual. The owner has full control but is personally responsible for all business aspects, including debts.
  • What is corporate liability protection ?
    Corporate liability refers to the extent a company may be held legally liable for the acts and omissions of business partners and the people it employs. Business owners often incorporate to shield themselves personally from any obligations or liabilities with their company's activities.
  • What Are Articles Of Organization For An LLC?
    "Articles of Organization" refer to a legal document that is filed with the appropriate state authority to officially establish a limited liability company (LLC). These articles typically outline essential details about the LLC, such as its name, purpose, structure, members, registered agent, and other key information. The filing of Articles of Organization is a crucial step in the process of forming an LLC, helping to define its legal structure and operational framework.
  • Why is a resale certificate needed?
    A resale certificate, also known as a reseller's permit or sales tax exemption certificate, is a document issued by a state's tax authority that allows businesses to make purchases for resale without paying sales tax. The primary purpose of a resale certificate is to streamline the collection of sales tax.
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