A limited liability company (LLC) is a popular business structure among small business owners for its liability protection, management flexibility, and specific tax advantages this form of business entity can provide. Understanding the benefits and limitations of an LLC, how to create an LLC, where to form your LLC, and other important topics are essential..

When a business is dissolved, it is formally and legally closing its operations. This involves more than just deciding not to run the business and keeping the doors closed. This process includes: Filing Dissolution Paperwork A legal process is required so local and state records can recognize and mark a business as closed. This is..

A business may be dissolved for several reasons. These reasons may include falling out of compliance with state regulations, or even personal circumstances such as illness or retirement. But even after a business has been dissolved by the state, there are some circumstances that make it possible to return through “Business Reinstatement.” One crucial role..

A business such as an LLC or a corporation can be dissolved for several reasons. The owners may decide it is time to dissolve the company’s status. In other cases, outside factors, such as a government agency, say that administrative requirements—like licensing—have failed to be met, negating the LLC or corporate status. However, dissolving the..