Tag Archives: Limited liability company

Ways to Start a Business, Enter into a Business, or Buy a Franchise

Buying an Existing Business Always evaluate the business by reviewing its history and its operations. Learn the business’s marketing strategies, how it generates its sales, acquiring customers, and an understanding of its finances. Some items needed from the existing business: Financial statements Tax returns Copies of leases and deeds Debt and loan repayment schedule Inventory […]

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Limited Liability Company (LLC) laws regarding formation

  Now that you have decided on a name for your NC Limited Liability Company (LLC), you need to file the appropriate paperwork with the NC Secretary of State to become legal.   Part 2 To read Part 1, click here   *If you are a foreign limited liability company that wants to conduct business […]

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Limited Liability Company: Internal Management

To read Part 1, click here. To read Part 2, click here. To read Part 3, click here. The organizational structure of a limited liability company is usually comprised of managers and members. The rules that dictate how the limited liability company is managed and governed is found in the company’s operating agreement and Articles […]

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Starting a Business: Inc v LLC

PC, PA, LLC, LLP, Inc, LLLP, huh? There are so many acronyms and they’re thrown around all willy-nilly. What’s an aspiring entrepreneur to do? So, here’s the thing. Each of these denotes a form of business, how a business is structured and who the “owner” is. Each is also relates to two special topics: (1) […]

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