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CORPORATIONINDEMNIFICATIONAGREEMENT Pleasechecktoindicatecompanyisa*: Corporation(Inc.) LimitedLiabilityCompany(LLC) ** TTC can only pay Loan Outs that are C or S Corporations or are LCS that pay
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A limited liability company (LLC) is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
Individuals or entities looking to form an LLC must file the necessary paperwork with the state in which they plan to operate.
To form an LLC, individuals or entities must choose a name, file articles of organization, appoint a registered agent, create an operating agreement, and obtain any necessary licenses or permits.
The purpose of forming an LLC is to protect personal assets, enjoy pass-through taxation, and have flexible management structures.
Information such as the LLC's name, address, registered agent, members, management structure, and business activities must be reported when forming an LLC.
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