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re: Should my friend get an LLC
Posted on 1/24/16 at 9:12 am to LigerFan
Posted on 1/24/16 at 9:12 am to LigerFan
The basic premise of LLCs are to provide the limited liability of a corporation while still being a sole proprietorship (sounds like your friends situation) or a partnership from an operational and tax perspective. I think it is definitely a good idea from a cover your butt perspective.
Forming an LLC in LA is quite easy, and he should be able to form the entity relatively quickly and easily. With that said, he may want to consult an attorney that will help walk him through the steps of putting everything together and drafting an operating agreement, etc. In addition, he can find more information on the Secretary of State's website.
Forming an LLC in LA is quite easy, and he should be able to form the entity relatively quickly and easily. With that said, he may want to consult an attorney that will help walk him through the steps of putting everything together and drafting an operating agreement, etc. In addition, he can find more information on the Secretary of State's website.
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