Learn what to do and not to do when managing an LLC. What you don’t know could shut you down. Forming an LLC protects you from unlimited liability but you can’t form a corporation and then ignore the formalities involved in maintaining that corporation. It defeats the purpose. A corporation is a legal “person” and certain things need to be done to keep it “alive.” This guide was created for business owners and explains the basics of maintaining an LLC. It offers a brief understanding of your obligations once you form an LLC and the consequences should you fail to fulfill those obligations.
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