Other information contained in the documents includes the name and addresses of the members of the LLC, the name of the LLC`s registered representative, and the Company`s letter of intent. Members` salaries are considered operating costs and are deducted from the company`s profits. The LLC has only a small number of members and basic management decisions can be made without consulting other members. Members know the company well and are able to make informed decisions. The main reason business owners choose the LLC method is to limit the liability of principals. Many consider an LLC to be a mix of a partnership, which is a simple business formation of two or more owners under an agreement, and a company that has some liability protection. Think of members as analogous to partners in a partnership or shareholders in a corporation. If your LLC has managers, a member will be more similar to the shareholders and will not participate in the management of the LLC. Additional documents and fees must also be filed at the federal level to obtain an Employer Identification Number (EIN).

If you`re overseeing the growth of your businesses in the United States, Latin America, and around the world, you`ll need an experienced, dual-license, international business planning attorney to meet all your legal needs. At MEG International, we strive to ensure that our Latin American clients feel comfortable doing business wherever they are and that they receive the respect they have earned as savvy and successful business people. Contact us online or call us today at (800) 694-6604. . .

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