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Commonly Asked Questions about Limited Liability Company Packages

Domestic and foreign limited liability companies (LLCs) are required by Section 301(e) of the Limited Liability Company Law to file a Biennial Statement every two years with the New York Department of State setting forth the address to which the New York Secretary of State shall mail a copy of any process accepted on
and often these types of business have Ltd after the business name. An example of this would be Green Construction Ltd. Any type of business can set up as a private limited company for example, a plumber, hairdresser, photographer, lawyer, dentist, accountant or driving instructor.
A limited liability company (LLC) is a business structure that offers limited liability protection and pass-through taxation. As with corporations, the LLC legally exists as a separate entity from its owners. Therefore, owners cannot typically be held personally responsible for the LLCs debts and liabilities. Definition and steps on how to form an LLC | Wolters Kluwer wolterskluwer.com expert-insights how-t wolterskluwer.com expert-insights how-t
Apple Enterprises, LLC.
The fee for filing the Articles of Organization is $200. The fee may be paid by cash, check, money order, MasterCard, Visa or American Express. Checks and money orders should be made payable to the Department of State. Do not send cash through the mail.
The liability of shareholders is limited to the value of their shares or the amount they have agreed to contribute to the companys share capital. If they have already paid for their shares, they should not have any further financial liability to the company.
Single-member LLCs are recognized in every state and are the most common type of LLC. Here, the word member is a stand-in for owner. Single-member LLCs have an individual owner. The Internal Revenue Service (IRS) treats them as sole proprietorships for tax purposes.
A limited liability company (LLC) is a business structure that offers limited liability protection and pass-through taxation. As with corporations, the LLC legally exists as a separate entity from its owners. Therefore, owners cannot typically be held personally responsible for the LLCs debts and liabilities.
Many well-known companies are structured as LLCs. For example, Anheuser-Busch and Westinghouse are organized as limited liability companies.