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On July 1, 2018, we welcomed Peter J. Strauss, Esq. As Senior Partner, joining Louis W. Pierre, Founding Partner and Aaron E. Connor, Managing Partner.
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Here are the steps to fill out LLCs, partnerships, and trusts:
02
Gather all the necessary information and documents, including the legal names and addresses of all partners, members, or trustees.
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Determine the type of entity you are setting up - LLC, partnership, or trust.
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Choose a unique and available business name for your entity.
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Prepare the required formation documents, such as Articles of Organization for LLC, Partnership Agreement for partnerships, or Trust Agreement for trusts.
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Fill out the formation documents with accurate and complete information.
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Obtain any necessary licenses or permits required for your specific type of entity and business activities.
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File the formation documents with the appropriate government agency, such as the Secretary of State.
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Pay any required filing fees.
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Follow any additional steps or requirements specific to your state or jurisdiction.
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Keep copies of all filed documents and any important agreements for your records.
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Consider consulting with a lawyer or business professional for guidance throughout the process.

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LLCs, partnerships, and trusts are typically needed by:
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- Small business owners who want to protect their personal assets and limit personal liability for business debts.
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- Entrepreneurs who want to start a business with one or more partners and need a formal agreement to define their roles and responsibilities.
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- Individuals or families who want to establish a trust to manage and distribute their assets according to their wishes, while avoiding probate.
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- Professionals in certain fields, such as lawyers or doctors, who may use an LLC or partnership structure for liability protection.
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- Individuals or groups involved in nonprofit or charitable organizations, where a partnership or trust structure may be required.
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It is advisable to consult with a legal or financial professional to determine whether setting up an LLC, partnership, or trust is appropriate for your specific circumstances.
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LLCs, partnerships, and trusts are different types of business structures that allow multiple individuals to come together for a common purpose.
Individuals or entities who are part of an LLC, partnership, or trust are required to file their respective tax forms.
LLCs, partnerships, and trusts must fill out the necessary tax forms provided by the IRS with accurate financial information.
The purpose of these business structures is to provide legal protection, flexibility, and tax benefits to the individuals involved.
The tax forms for LLCs, partnerships, and trusts require reporting of income, deductions, credits, and other financial details.
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