Tag: LLC

Also read Introduction to Limited Liability Companies in Virginia The LLC Is an Entity Separate and Distinct from Its Owners The single most common reason people hold hold property in an LLC is to protect their personal assets This can be done because “[l]ike a corporation, a limited liability company is a legal entity entirely

BUSINESS ENTITIES – COMPARISON CHART Difference between S Corp and C Corp and LLC Copyright © Fox and Moghul 2020 Entity Limited Liability Company (LLC) S Corporation C Corporation Partnership Description An LLC can only be formed by making appropriate filing with the state (see below). Owners are called members and the LLC may be

Don’t forget to watch our video on this topic here When it comes time to divest an LLC’s real property there are certain procedures that must be follow. We will presume that title was transfer from a member of the LLC, from one who held title in his individual name, and conveyed through a deed

We are often asked by business owners if their business partner can “lock them out” of the business, which usually means restricting their access to the businesses bank accounts. Under these circumstances, the injured owner who has been frozen out of the business has certain options that he can follow. First, take a careful look

Personal Liability and Contracts – What You Should Know Before Signing Any Contract