#1 - LLC Summary

Here's a summary of LLC's:

• LLC's - Protection of Personal Assets.

• Articles of Organization / Incorporation - CRUCIAL to file if your LLC is to be legitimate. If not filed, you may expose yourself to being personally liable for business debts and obligations.

• Operating Agreement / Corporate Bylaws - Defines how the business operates, ownership and management roles etc. Highly recommended, some consider it crucial.

• Registered Agent - Required in the state of Texas and many other states. The purpose is to ensure the business receives all legal documents (lawsuit), state notices and tax correspondence from the Comptroller.

• Generic LLC name - Protects your name and personal identification.

• EIN (Employer Identification Number) - Number used to file taxes with IRS.

• Every state has it's own requirements and annual filings.

• You can go to the following to setup an LLC:          

Legal Zoom - Affordable          

CTA Integrity - They will walk your through the process.

The more educated you are, the more empowered you'll be.

Disclaimer: This is for educational purposes only. Please consult with your Lawyer, CPA, or Financial Advisor before making any business decisions. They will have a better idea of how to structure your business to meet your financial needs.