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Forming a Business

Thu, Apr 13, 2017 at 3:20PM

 When starting a business, you must first determine what type of business would be most beneficial, and then you must file the necessary documents.

Click here to learn about the different business entities

Forming a Limited Liability Corporation ("LLC")

A Limited Liability Corporation ("LLC") holds the owners, or members, to limited liability. One benefit of an LLC includes member's personal assets being protected if the business is sued. The documents needed for starting an LLC include:

  • Name of the LLC
  • Articles of Organization
    • Business Name & Location
    • Business Purpose & Structure
    • Registered Agent
  • LLC Operating Agreement
    • Percentage of Ownership Per Member
    • Percentage of Profits/Gains Each Member Receives
    • Each Members Voting Rights
    • Dissolving of LLC/Membership
    • Selling or Gifting of Member Interest
  • Necessary licenses and Permits (depending on business)

Forming a Corporation

Similar to an LLC, in a Corporation the owners, or shareholders, are also limited in their liability. Ownership can easily be transferred through a sale or gift of shares. In order to start a Corporation you must file:

  • Reservation of Corporate Name
  • Articles of Incorporation
  • Corporate Bylaws
    • Rights/Responsibilities of Shareholders
    • Corporation Purpose & Structure
  • Stock Certificates
  • Necessary licenses and Permits (depending on business)

At Kinsey Vincent Pyle, our Attorney's are experience in providing assistance when forming a new business. We continue to provide legal advice, representation and counsel throughout all stages and legal processes the business may endure.

 

To learn more call our office at (386) 252-1561 or click here to contact us via email.

 


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