Review information about a Limited Liability Company (LLC) and the federal tax classification process.

Many jurisdictions—including Alabama, California, Kentucky, Maryland, New York, Pennsylvania, Tennessee, and Texas —levy a franchise tax or capital values tax on LLCs. In essence, this …

May 1, 2025 · What Is a Limited Liability Company (LLC)? A limited liability company (LLC) is a business structure in the U.S. that protects the assets of its owners from lawsuits and creditors concerned with...

6 days ago · Limited Liability Company (LLC)* is formed by one or more individuals or entities through a special written agreement. The agreement details the organization of the LLC, including provisions …

Sep 8, 2025 · Ready to Set up Your LLC? An LLC (limited liability company) is a common business structure for small businesses, entrepreneurs and freelancers. But there are a lot of misconceptions …

Information on new business formations and existing businesses.

Nov 22, 2025 · What is a limited liability company? A limited liability company (LLC) is a business structure that protects owners' personal assets from business debts and lawsuits while offering …

Pros and Cons of a Limited Liability Company. A limited liability company (LLC) is a business structure combining the tax advantages of a partnership with the liability protections of a...

Sep 24, 2025 · For example, if an LLC “organized” in Texas opens a business establishment in Michigan, then your Texas LLC will need to also form in Michigan as a foreign LLC. If you’re …

Aug 16, 2024 · What Is an LLC? An LLC is a type of business entity that can have one or more owners, referred to as "members." LLC members typically participate equally in the management of the …