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If you're looking to launch a completely new company or begin a side-hustle or freelance company creating the limited liability business, often referred to an LLC, could be the most suitable option. It will protect your personal assets from any legal or financial issues. LLC can safeguard your personal assets from any legal or financial difficulties in the business, without complicating tax planning.
The process of forming an LLC isn't expensive and complicated, but it does require efforts and patience (and many hours of dealing with administrative processes within the government of the state). This guide walks you through the whole process for establishing an LLC the state in which you would like to do business in. It is essential to choose the official name of your company, provide an address for business, and find an agent who is licensed.
NOTE: This information is intended as a reference to help you through the process, but the advice contained in this article doesn't constitute the guidance on tax or legal issues that you require.
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