Limited Liability Company
Limited Liability Company
A business organization in which the business (not the owner) is liable for the company's debts.
operating agreement
A document used by the members of a limited liability company to outline the details of how the business will be managed and operated.
member
A limited liability company's owner is called a _________________.
resident agent
An adult or an organization designated or authorized as a point of contact and can receive legal documents on behalf of an LLC.
articles of organization
Limited liability companies must produce this document, and submit a copy to the state, to be recognized as a legal entity.
Employer Identification Number (EIN)
Number assigned by the IRS for businesses to use for income tax purposes.
LLC stands for
limited liability company