How To Prepare Contracts And Operate As LLC or DBA

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• Member vs Manager of LLC

  An LLC managing member is both the LLC owner and someone who keeps the business running on a day-to-day basis. A manager generally has the authority to make decisions and enter into contracts on behalf of the business.

• Foreign LLC vs Domestic LLC

  Foreign qualification is when a legal entity conducts business in a state or jurisdiction other than the one it was originally formed within; often used for entities previously registered in another state and wishing to conduct business within a new ...

• Should An LLC Have Manager(s) or Member(s)

  In a manager-managed LLC the members will not have a say in ordinary business decisions. In a member-managed LLC the members are responsible for the day-to-day operations.

• Can An LLC Be Converted Into A Corporation

  Yes. Most states allow LLCs to be converted to a corporation by the simple filing of documents with the state, these documents essential merge the two entities into one. At the time of the conversion the LLC by operation of law becomes a corporation ...

• Can An LLC/Corporation & Trust Have Same Name

  Yes; however, the difference will be easily distinguished by the company information proceeding the name. The LLC will show as "ACME LLC" but the Trust will show as "ACME Trust" as is required by law. In fact, no company may contain the word "TRUST", ...