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Limited Liability Company (LLC) | Internal Revenue Service
A Limited Liability Company (LLC) is a business structure allowed by state statute. Each state may use different regulations, you should check with your state if you are interested in starting a Limited Liability Company. Owners of an LLC are called members.
What Is an LLC? Limited Liability Company Structure and ... - Investopedia
An LLC is a formal business arrangement that requires articles of organization to be filed with the state. An LLC is easier to set up than a corporation and provides more flexibility and...
Forming an LLC in Illinois: Step-by-Step Guide - NerdWallet
Starting At. $0 + state fees. Read Review. Start now. Forming an LLC in Illinois can be accomplished through the Illinois Secretary of State. Before your LLC can start operating, you have to...
How to Start an LLC in Illinois | LLC in IL | Nolo | Nolo
When starting your business in Illinois, you can choose to form a limited liability company (LLC). An LLC is a business structure that combines the limited liability of a corporation with the flexibility and lack of formalities provided by a partnership or sole proprietorship.
What Is An LLC? Definition, Pros & Cons – Forbes Advisor
An LLC, or limited liability company, provides business operators the protections usually only afforded to corporations and the simplicity often only available to sole proprietorships.
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