Thursday, May 1, 2008

LLC Formation In All States

What must be in the name of an LLC? Section 105 of the Uniform Limited Liability Company Act states the following:
(a) The name of a limited liability company must contain "limited liability company" or "limited company" or the abbreviation "L.L.C.", "LLC", "L.C.", or "LC". "Limited" may be abbreviated as "Ltd.", and "company" may be abbreviated as "Co.".
Some states have slight variations upon the above restrictions so it is best to check your state law before selecting a name. Also, in some states, licensed professionals--such as doctors, lawyers, and accountants--must set up a "professional LLC" instead of a standard LLC. The easiest way to determine the peculiarities of your state law regarding the name is to look at the instructions for the form articles of organization issue by the secretary of state (or analogous government office). Click on the link to your state at the top of the right column on this page for additional information.
http://www.medlawplus.com/library/legal/llcformation.htm

1 comment:

Unknown said...

Most business entities have ongoing obligations such as annual meetings and annual report filings. Failure to properly comply with these ongoing obligations can cause a business owner to lose the liability protection that the business entity affords.
LLC Formation Massachusetts