CATEGORY: Limited Liability Company LLC Questions

Answers to Frequently Asked Limited Liability Company / LLC Questions

Can I Form an LLC in One State and Run It From Another?

Because the LLC filing fees on one state may be significantly higher than a neighboring state, some people consider filing for LLC status in one state while running the business from another.

As an example, an Indiana Limited Liability Company can be created and filed for an Illinois-base business, and doing so will offer the liability protection that any LLC would. Plus an Indiana filing is significantly less expensive to make than an Illinois filing.

But there is more to consider. Continue reading Can I Form an LLC in One State and Run It From Another?

Can I Add Some Additional Words to an Already Registered Company Name for My Own Incorporation?

In all states, if you wish to file for Corporation or Limited Liability Company as a new business entity, the name of the entity sought to be formed must be distinguishable from any entity already of record. Continue reading Can I Add Some Additional Words to an Already Registered Company Name for My Own Incorporation?

Can a Limited Liability Company Designate Someone with Power of Attorney for Real Estate Transactions?

A Limited Liability Company can execute a Power of Attorney document for nearly any business transaction, naming an Attorney-in-Fact to perform some or all functions or duties on behalf of the LLC. Continue reading Can a Limited Liability Company Designate Someone with Power of Attorney for Real Estate Transactions?