Information about setting up new company

Limited Liability Company

• A Limited Liability Company generally offers liability protection similar to that of a corporation but is taxed differently. Limited Liability Companies may be managed by one or more managers or one or more members. In addition to filing the applicable documents with the Secretary of State, an operating agreement among the members as to the affairs of the Limited Liability Company and the conduct of its business is required. Professional limited liability companies are restricted in California at this time.
  
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