Forming LLC as a mistake As a licensed professional – what do I do now?

An LLC is a type of business entity that can be formed by filing articles of organization with the state. It does not matter if you are a solo entrepreneur or if you have employees.

The main purpose of an LLC is to provide limited liability protection for the owners.

As a licensed professional, if you are confused about how to form an LLC, it is best to consult with a lawyer before you file articles of organization.

That way, there will be no chance for mistakes in the process and your company will be formed correctly and legally. An LLC can create a nightmare if it is not formed correctly.

For example, one recent case involved a woman who was trying to start her own business as an interior designer but she did not know how to form an LLC properly so she filed articles of organization for her husband’s construction company.

It’s not easy to avoid mistakes when it comes to forming an LLC. This is why it’s important to have a lawyer who can help you understand the process and make sure you don’t miss any steps along the way.

Why do all LLCs need a written operating agreement?

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If you’re the owner of an LLC, you know that it’s essential to have a written operating agreement. This document spells out the rules and regulations that govern your company. But do you know why it’s so important? Here are some reasons why all LLCs need a written operating agreement.

It Keeps Things Organized

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Most people think that LLCs don’t need written operating agreements because they are “simple” businesses. However, nothing could be further from the truth.

LLCs need written operating agreements more than any other type of business because things can quickly get chaotic without them. Let’s take a closer look at why this is so. 

 

An LLC is a relatively new type of business structure, and as such, there are still a lot of unanswered questions about how it should operate.

It can lead to confusion among the members about their roles and responsibilities. A written operating agreement will help clear any misunderstandings and ensure everyone is on the same page.

 

Four Ways An LLC Can Be Taxed & How It Can Affect You

A limited liability company is a type of business entity becoming more and more popular. It’s a hybrid between a corporation and a partnership, which offers some protection to the owners. Let’s take a look at what LLCs are, how they work, and why they’re so popular.

A limited liability company is an entity that combines the best aspects of corporations and partnerships. The owners of an LLC have limited liability for the debts and obligations of the company, but they also enjoy some tax benefits and other benefits that come from being in business with other people.

If you found yourself reading this article, you might be an entrepreneur, interested in starting an LLC, or already have an LLC

Well, this article is for you…

The first tax election you may choose is your LLC taxed as a sole proprietor.

LLC offers maximum flexibility. This is common for small business owners who either don’t want to deal with the paperwork and compliance or just want to start as an LLC.
The main benefit of a single-member LLC is that you don’t have to file separate tax returns.

How Long Does it Take to Form an LLC

If you are a sole proprietor or small business, you may be interested in forming an LLC. If you want to know, “How long does it take for form an LLC?” you’ve come to the right place.

The following information will give you all the details you need to set up a limited liability company and determine  its set-up time.

To make the process go faster, you can also contact me anytime online. Email sam@mollaeilaw.com for further details today. I can answer any questions and can tell you what you need to launch your business successfully.

Table of Content


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1. Establishing an LLC: How Long Does It Take to Form an LLC for Most Companies and What Are the Steps?
2. Forming Your LLC: The Steps

LLC Lawyers: Everything You Need To Start Your LLC

As a professional lawyer, you can set up your practice as a professional limited liability company. LLC lawyers must follow a certain outline to establish themselves under this entity.

The following information can help you launch your practice as a Professional Limited Liability Corporation (PLLC). 

My legal team and I can also help with the formation of an LLC or PLLC. You can learn more about forming a business with our help anytime. Speak to us here: https://mollaeilaw.com.

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No. Content
1. LLC Lawyers – A Basic Guidelines for Setting Up a PLLC
2. What LLC Lawyers Need to Do First
Naming Rules and Regulations
3. LLC Lawyers: Best Practice Rules for Choosing a Name
4. LLC Lawyers Should Check the Name Against the State’s Database
5.

5 Steps to Start a Physician Corporation

Once you’ve graduated medical school or begun working as a physician, you might come to realize that your aspirations reach beyond your current circumstances and that you wish to start your own physician corporation.

Starting your own medical practice or physician corporation can be an incredibly exciting path that allows you to take the practice of medicine into your own hands and develop a culture in your practice that reflects your values. 

However, starting your own physician corporation can be complicated and time consuming. At Mollaei Law, we help guide the process of establishing your own medical corporation by assisting to develop detailed plans and schedules to ensure that every necessary step is taken. Below, we detail the 5 key steps to creating your own physician corporation. Don’t hesitate to email us at admin@mollaeilaw.com or book a consultation call at https://calendly.com/mollaeilawconsultation/professional-corp to start the process of building your Physician Corporation.

 

Step 1: Establish your Physician Incorporation 

 

Develop Business Plan for Physician Corporation

One of the most important steps when establishing your own physician corporation is to develop a business plan.

How to File an LLC in California

Every state imposes its own rules for filing a limited liability company, or an LLC. Therefore, the following details will guide you on how to file an LLC in California. If your business will have a prevailing influence in the “Golden State,” you need to know this information.

I can also help with establishing an LLC in California or anywhere in the U.S. Simply email sam@moallaeilaw.com for further details. 

In addition, you can contact me or my staff – book a call to speak to us here: https://mollaeilaw.com
Table of Content


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1. When You File an LLC in California, What Are the 5 Basic Steps?
2. Why You Need a California Based Business Attorney when You File an LLC in California
3. Naming Guidelines You Need to Follow When You File an LLC in California
4.

Can a Holding Company Be an LLC?

Some people have asked me, “Can a holding company be an LLC?” The answer is, “Yes.” In fact, it is smart to make a holding company an LLC, as doing so protects it from disputes that lead to lawsuits or confrontations with creditors.

To better understand why a holding company can be an LLC, we need to give a definition to a holding company or entity. 

A holding company is an entity that owns other companies, called subsidiaries. It may also own assets. Some of the assets may include equipment, real estate, or intellectual property.

Therefore, a holding company does not engage in a business of its own. 

Instead, the subsidiaries, if involved in risky operations, rely on an LLC to keep them from being sued or falling prey to creditors.

You can learn more about how a holding company works by contacting me anytime. Email sam@mollaeilaw.com

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LLP vs LLC: Which Is Right For You?

When you establish your company, you will find that you can set it up in one of various ways. If you and one or more people wish to serve as owners, you may wonder which is better – LLP vs LLC? The following information will give your further details about these business entities.

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No. Content
1. LLP vs LLC: The Differences
2. What Is an LLP?
3. What Is an LLC?
4. LLP vs LLC: Which Is Better for You?
5. LLP vs LLC: Liability Coverage
6. LLP vs LLC: Taxation
7. LLP vs LLC: Management Structure
8. LLP vs LLC: Choosing the Best Entity for You
9. What Happens Next?

Different Types of LLCs

While some business start-up owners are familiar with the term, limited liability company (LLC), they may not realize that there are different types of LLCs. The following information will explain the different formations used in establishing an LLC. 

If you have any questions about the formation of an LLC or need legal assistance from me or my legal team, book a call to speak to us here: https://mollaeilaw.com

 

Defining the Different Types of LLCs

To define the different types of LLCs, it is the easiest to distinguish between the different types of LLCs that have similar purposes. In this case, we want to compare the features of the following LLCs:

Let’s look at and define single-member and multimember LLCs first.

 

Single-member and Multimember LLCs

An owner of an LLC is also called a member.