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  2. Operating agreement - Wikipedia

    en.wikipedia.org/wiki/Operating_agreement

    An operating agreement is a key document used by limited liability companies (LLCs) to outline the business' financial and functional decisions including rules, regulations and provisions. The purpose of the document is to govern the internal operations of the business in a way that suits the specific needs of the business owners, called ...

  3. Limited liability company - Wikipedia

    en.wikipedia.org/wiki/Limited_liability_company

    t. e. A limited liability company ( LLC) is the United States -specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. [ 1] An LLC is not a corporation under the laws of every state; it is a legal form ...

  4. List of legal entity types by country - Wikipedia

    en.wikipedia.org/wiki/List_of_legal_entity_types...

    There are many types of business entities defined in the legal systems of various countries. These include corporations, cooperatives, partnerships, sole traders, limited liability companies and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province.

  5. How to set up an LLC for investments like Series I bonds - AOL

    www.aol.com/finance/set-llc-investments-series...

    Here are the steps to get started: 1. Look for a low-cost state to set up the LLC. Each state has its own process for setting up an LLC, and you should look at each state’s costs, since they ...

  6. Articles of association - Wikipedia

    en.wikipedia.org/wiki/Articles_of_association

    e. In corporate governance, a company's articles of association ( AoA, called articles of incorporation in some jurisdictions) is a document that, along with the memorandum of association (in cases where it exists) forms the company's constitution. The AoA defines the responsibilities of the directors, the kind of business to be undertaken, and ...

  7. Limited liability - Wikipedia

    en.wikipedia.org/wiki/Limited_liability

    Limited liability is a legal status in which a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a corporation, company or joint venture. If a company that provides limited liability to its investors is sued, then the claimants are generally entitled to collect only against the assets of ...

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