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What is an LLC?

A Complete Guide to a Limited Liability Company (LLC)

What-is-an-LLC-Woman-reading-notes-on-computer

LLC simply stands for limited liability company. This type of legal entity allows small business owners to protect their personal assets and use the business to shield themselves from the company’s potential debts or liabilities. An LLC is a hybrid that blends the benefits of two business structures, partnerships, and sole proprietorships together. As a … Read more

If you’re a serious business owner in Illinois then forming an LLC should be high on your to-do list. But What are LLCs and why are they important? To help make sure you choose the right path for your company we’ve outlined all the steps on how to start an LLC in Illinois – from … Read more

Forming an LLC in Florida is an important step in your entrepreneurial journey as it legitimizes your business by not only making sure your personal and professional finances stay separate but also ensuring you’re protected if your company is ever sued or experiences losses.  While registering your business as an LLC isn’t difficult, you do … Read more

Forming an LLC in Michigan is a great business structure for your company if you’re looking to keep the flexibility of a sole proprietorship while gaining the protection of a corporation. The process to set up your LLC is straightforward and approval times tend to be quicker when compared to setting up other business entities.  … Read more

How to Start an LLC in California (CA)

Filling a Limited Liability Company (LLC) in California is a great business structure to choose if you’d like to protect your personal assets from any business losses. An LLC gives you the protection of a corporation while still being able to operate your business as a sole proprietorship. Since you can form an LLC for … Read more

How to Start an LLC in Texas

In Texas, forming a Limited Liability Company (LLC) is a great business entity for anyone who wants to limit their personal liability if their business is ever sued or has debt. This means your personal finances stay separate from your business finances and the two operate independently. Essentially, it gives you the freedom to run … Read more

How to Start an LLC in Arizona

If you’re looking to legitimize your business without spending a lot of money, you should form a Limited Liability Company (LLC). An LLC in Arizona is the perfect business structure for anyone looking to take their business seriously without jumping through hoops to set it all up. Creating an LLC separates your personal assets from … Read more

Best-Registered-Agent-Services-Reviewed

If you’ve ever wanted to form an LLC or a corporation, odds are you’ve seen the term “registered agent” being thrown around. We here at YFFT look for this particular service as part of our LLC formation company review process.  But why?  What is a registered agent exactly? A registered agent is a person who … Read more

llc-vs-dba

Consider two fundamental differences between LLCs and DBAs when determining which business registration would suit your needs: liability protection is provided by LLC licensing while a DBA permits the sole owner/proprietor to operate their business under a fictitious name. Another thing to consider is that LLCs can have a limitless number of DBAs. States assert … Read more

What is a DBA? - Woman biting her pencil at her computer in frustration

What is a DBA?  DBA means “doing business as”. It refers to your business’s trade, assumed, or fictitious name.  A DBA is different from your business owner’s personal name or registered business name. It lets your company enter contracts, open bank accounts, write checks, and do business under a name other than that of your … Read more