Ozarch18 - documents and records.” b The forms that are...

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Business Advantages Disadvantages LLC -Limited Liability -Profits and losses can be allocated different than ownership interests -LLC’s can choose to be taxed as a corporation or a partnership now - More expensive to start up than a partnership or sole proprietorship -A little less control for owners Corporation -Easy to raise capital by issuing stock -Continuity -limited liability -Can separate the business into different corporations if necessary -Transfer of shares -Expensive to launch and maintain -High taxes -Limitation of power and control -Lots of paperwork -Less freedom 2. a. The website is owned and operated by the Department of the Secretary of State and their mission statement is “To serve and protect citizens, the business community and governmental agencies by facilitating business activities, by providing accurate and timely information and by preserving
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Unformatted text preview: documents and records.” b. The forms that are available for download are: Business Corporations, Business Entity Forms, Nonprofit Corporations, Limited Liability Companies, Limited Partnerships, Limited Liability Partnerships, Annual Report Forms, Professional Corporations, Professional LLCs, and even a Cover Sheet for Corporate Filings. c. The fee for Articles of Incorporation is $125. d. The guidelines available on this website are: SCAM ALERT regarding national business register. Annual Report Fee Changes Business Corporation. Homeowners’ Association FAQ. Online Annual Report Filing Instructions. Business Corporation. Nonprofit Corporation. And Limited Liability Company. 3. The name for the “dream business” I would like to create is O.Z. Innovations which is NOT being used by anyone and IS available for use....
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