How To Start an LLC In Florida Video
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In the United States, Limited Liability Companies were established in 1983 as a cross between corporations and limited partnerships. An LLC is a separate entity, like a corporation, but has the advantages of a limited partnership as anyone can become a partner in the company. In order to start an LLC, you have to file articles with the Secretary of State in any state in which you do business to get it started but it does not entail the maintenance of a corporation.
Advantages of an LLC:
Individuals in the LLC are not personally liable for the debts incurred by the business, unless they sign a personal guarantee or they create fraud or reckless debt.
Individuals who are officers in the LLC are not personally responsible for lawsuits against the LLC.
You can have owners from other countries in the LLC.
The LLC can open bank accounts, own property, take out insurance and get loans as it is its own entity.
No keeping of minutes or quarterly meetings are needed.
To Learn about the Disadvantages of an LLC go to http://Desirefortune.com to get your free report and be directed to our blog resources.
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