LLCs (Limited Liability Companies)

LLC Basics

LLC Basics
Learn the main features of an LLC, including liability protection and pass-through taxation.

Limited Liability Protection and LLCs: A 50-State Guide
Find out exactly what limited liability protection means for LLCs -- and some of the state-specific differences.

How LLC Members Are Taxed
Learn how LLC owners report their LLC "pass-through" income and losses on their personal tax returns.

LLC Formation

How to Form an LLC
Here is an overview of what you need to do to form an LLC.

50-State Guide to Forming an LLC
A comprehensive 50-state guide to each state's requirements for forming an LLC.

The LLC Operating Agreement
Read about why you need an operating agreement and what to include in one.

Steps to Form an LLC
A step-by-step guide to forming an LLC.

Corporations vs. LLCs
You may know you want limited liability, but how do you choose between a corporation versus an LLC?

Running Your LLC

Qualifying to Do Business Outside Your State
Learn about when you may have to qualify your LLC to do business in another state and what that involves.

LLC Owner Buyout Agreements
Buyout agreements decide what will happen if an LLC owner wants out. Find out why you need one, what they cover, and how you can create your own.

Buy-Sell Agreement FAQ
Find out who needs a buy-sell agreement and why, and answers to other common questions about buy-sell agreements.

Piercing the Corporate Veil: When LLCs and Corporations May be at Risk
Find out when an LLC or corporation's owners, members, or shareholders can be on the hook personally for business debt.

Are LLCs Required to Hold Meetings?
LLCs don't have the same corporate formality rules as corporations but there still are rules and best practices to follow.

LLC Record Keeping Rules
Like all businesses, LLCs must follow certain record keeping rules to avoid problems with the IRS, investors, owners, and others.

Types of LLCs

Professional Limited Liability Companies
Certain licensed professions, such as lawyers and accountants, must form a Professional Limited Liability Company (PLLC) rather than the more common LLC.

Single-Member LLCs
Learn about single-member LLCs, including the different liability protection they offer.

What Is a Series LLC?
Series LLCs are a unique and relatively new form of LLC with one master LLC and other related but separate series LLCs.

LLC FAQs

Limited Liability Company (LLC) FAQ
Answers to all the basic LLC questions: from what is an LLC? to understanding securities laws issues with LLCs.

Must an LLC be formed in the same state in which it will operate?
Find out the answer to this question and other issues related to where you form your LLC.

Are LLC members taxed?
Learn about member tax obligations which vary depending on whether or not you are active in the business.

Does a Single Member LLC Need an EIN?
Find out the rules about single member LLCs and EINs.