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Who Can Own an LLC?

Limited liability companies are very flexible business entities, and this applies to ownership restrictions as well. The owners of an LLC are called members. A single member can own an LLC by him or...

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Can a Non-Profit LLC Be Tax Exempt?

When you talk about a non-profit business, you are generally talking about two things: being registered as a not-for-profit company in a state, and being recognized by the IRS as a tax-exempt 501(c) —...

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