Journal 2.docx - Journal for Class 2 LTC Jennifer Stowe...

  • No School
  • AA 1
  • 2
  • 100% (1) 1 out of 1 people found this document helpful

This preview shows page 1 - 2 out of 2 pages.

Journal for Class 2LTC Jennifer StoweArticle One: Forming an LLC: Not all States are Created EqualWho: Limited liability corporations enable the owner (s) to protect their own assets from the actions of the business and can be founded in most states. LLCs usually have many members but can be started by just one person. An LLC protects the owner(s) personal assets while at the same time enables the owner(s) to avoid double taxation.Formation is more complex and formal than that of a general partnership.What: In most cases, it is wise to set up an LLC in the state that the business in located in or where the business in originated in. However, every state has different laws that apply to an LLC. This makes some states more beneficial than other states to be the state of origen for an LLC. For instance, 64% of all Furtune 500 companies are registered in Deleware because Delaware had business friendly laws and court systems. Nevada is another great state to start an LLC since it requires no personal income to start
Background image
Image of page 2

You've reached the end of your free preview.

Want to read both pages?

  • Fall '19

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes
A+ icon
Ask Expert Tutors