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Limited Company Registration

A limited liability corporation, also known as an "LLC," is a corporation where the shareholders of the corporation have limited liability for the activities of the corporation. Therefore, the personal assets of the shareholders of the LLC are protected in the event of a lawsuit against the LLC, bankruptcy and/or for the debts of the LLC. In order to form an LLC, it is necessary to register the corporation with the Secretary of State where the LLC is formed. In order to register the LLC, one must make sure that the particular name of the business is not already in use by another LLC. If the name is already in use, the LLC will not be permitted to use the proposed name and will have to submit an alternative name. Thereafter, the LLC must file formal legal documents with the Secretary of State's office. This is known as "registering" the LLC. Once the LLC is filed with the State, there may also be county or local government filings required in connection with the LLC formation such as a business certificate or updated license information; thus, is important to check with the regulations of the local jurisdiction.

Fast Facts

  • Most states allow the Secretary of State to be listed as the designated agent of the corporation for receiving service of process
  • LLC's frequently have "silent partners"

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  • Form an LLC (Limited Liability Company)

    A limited liability company is a legal business entity that combines certain aspects of corporations with cert...
    • Site: smallbusinesslawfirms.com
    • 1 of 1 user(s) found this useful
  • Limited Partnership

    A business limited partnership, though seemingly a complex term, means exactly what the title specifies.  In b...
    • Site: lawfirms.com
    • 2 of 3 user(s) found this useful
  • Rhode Island Teen Driving Laws, Insurance Requirements & Drivers License

    The State of Rhode Island Graduated Licensing System Rhode Island 's graduated licensing system gives teen d...
    • Site: drivinglaws.org
    • 2 of 2 user(s) found this useful
  • Patent Law

    Inventions are secured by patents, which give the inventor the exclusive rights to their invention and keep ot...
    • Site: intellectualpropertylawfirms.com
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    The sole purpose of a recorded statement is for an insurance company to obtain evidence from you that it may b...

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