Setting up a Limited Liability Company
Saturday, June 28th, 2008
Both sole proprietors and partnerships can convert to a limited liability company. Until recently some states did not allow one-member LLCs. This is no longer the case. One-member LLCs are allowed in every state.
Both sole proprietors and partnerships can convert to a limited liability company. Owners of LLCs are called members, not shareholders.
Until recently some states did not allow one-member LLCs . This is no longer the case. One-member LLCs are allowed in every state.
LLCs are set up by filing articles of organization with your Secretary of State and paying a fee. Fees vary from state to state. They could be as low as $50 or over $500.