Business
LLC Articles of Organization
Texas
What is LLC formation?
I am in the process of starting a business and am looking to protect my personal assets from any potential liabilities of the business. I have heard that setting up a LLC can help with this, but I am not sure what it entails. I am looking to learn more about LLC formation and to understand the benefits and drawbacks of this type of business structure.
Answers from 1 Lawyer
Answer
Business
Texas
Jimmy V.
ContractsCounsel verified
LLC formation means the process by which one sets up an LLC. The process begins with a filing with the state. The filing is usually called Articles of Organization. The LLC must then adopt an Operating Agreement which is much like a partnership agreement. Finally, the LLC will need to obtain an Employer Identification Number from the IRS.
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