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The video tutorial titled "Welcome to the Certificate of Organization and Docketing Statement" explains that a Limited Liability Company combines aspects of a Partnership and Corporation, offering liability protection and tax advantages. To form an LLC, a Certificate of Organization must be filed with the Corporation Bureau, along with a Docketing Statement. This 1-page document asks for details such as the business type, location, name, activity description, and desired fiscal year. The business name must be available for use, and a valid address is required. Watch the Name Research video for more information.