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GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 1999 SENATE BILL 660 RATIFIED BILL AN ACT TO AMEND THE LAW GOVERNING LIMITED LIABILITY COMPANIES TO CLARIFY CERTAIN DEFINITIONS OF TERMS, TO PROVIDE MORE
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What is revised limited liability company?
A revised limited liability company (LLC) is an updated legal structure that offers liability protection to its owners while allowing for flexible management and tax benefits.
Who is required to file revised limited liability company?
Any business entity that wants to operate as a limited liability company in accordance with updated regulations is required to file a revised limited liability company.
How to fill out revised limited liability company?
To fill out a revised limited liability company, you typically need to provide basic information such as the company name, registered agent, business address, and details of the members or managers.
What is the purpose of revised limited liability company?
The purpose of a revised limited liability company is to provide legal liability protection to its owners from personal liability for business debts and obligations, while also offering tax flexibility.
What information must be reported on revised limited liability company?
Information that must be reported typically includes the LLC's name, registered office address, duration, purpose of the business, and details of members or managers.
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