- Can an LLC protect my personal assets?
- How do I choose a name for my business?
- How do I check if an LLC exists?
- Who owns the property in an LLC?
- Can LLC owners be anonymous?
- Can One LLC own another?
- How do I protect my business name?
- How do I make my LLC private?
- Can I buy my house with my LLC?
- Can you have an LLC without a business?
- How can I make sure my business name is not taken?
- How do I know if I can use a business name?
- Is my brand name taken?
- How do I hide my name on my LLC?
- How do you look up an LLC?
- Are LLC owners public record?
- Does your LLC name matter?
- Can two businesses have the same name?
Can an LLC protect my personal assets?
Limited liability companies (LLCs) are common ways for real estate owners and developers to hold title to property.
In other words, only an LLC member’s equity investment is usually at risk, not his or her personal assets.
However, this does not mean personal liability never exists for the LLC’s debts and liabilities..
How do I choose a name for my business?
Here are 12 helpful suggestions on how to come up with a winning name for your business:Avoid hard-to-spell names. … Don’t pick a name that could be limiting as your business grows. … Conduct a thorough Internet search. … Get the .com domain name. … Use a name that conveys some meaning. … Conduct a trademark search.More items…•
How do I check if an LLC exists?
How Do I Know if My LLC Name Already Exists?Check your home state’s records. Start your search by going to the website for the Secretary of State in the state where you will operate your business. … Check the records of other states. … Search trademark registrations. … Search Google and social media.
Who owns the property in an LLC?
Co. Law §§ 203(d), 202. Since an LLC is a legal person, the property it owns is the property of the LLC, not of the members.
Can LLC owners be anonymous?
An anonymous LLC is actually a regular LLC that has been created in one of the states that does not require you to disclose the managers or the members of the LLC. … However the “anonymous LLC” does not disclose the ownership information of the LLC.
Can One LLC own another?
As for the legality of ownership, an LLC is allowed to be an owner of another LLC. … LLC members can therefore be individuals or business entities such as corporations or other LLCs. It is also possible to form a single-member LLC whose only owner is another LLC.
How do I protect my business name?
4 ways to protect your company nameRegister the company. It is not possible to reserve a company name with the intention of incorporating it later, therefore it is best to register your company as early as possible to avoid any disappointment. … Register a domain. … Consider similar names. … Business information tracking.
How do I make my LLC private?
California does not offer anonymous LLC. California requires filing a Statement of Information which requires disclosing the name of the Managers of the LLC. So if you’re looking to stay anonymous, stay away from California LLC.
Can I buy my house with my LLC?
An LLC is a business entity with its own assets and income. As such, it can purchase real estate, including a house or business premises, for any reason outlined in its articles of organization.
Can you have an LLC without a business?
You don’t need an LLC to start a business, but, for many businesses the benefits of an LLC far outweigh the cost and hassle of setting one up. by Jane Haskins, Esq. An LLC, or limited liability company, provides personal liability protection and a formal business structure.
How can I make sure my business name is not taken?
It’s a good idea to patent and trademarks your business so no one can take your great ideas from you. Use the USPTO’s free trademark database and to get yours registered. Simply go to http://www.uspto.gov/main/trademarks.htm and click “Search.” Then follow the instructions you see on the screen.
How do I know if I can use a business name?
In most states, the website of the state business filing agency includes an online entity name check tool. You can use the online tool to search business names and find out whether another business is already using the name you have chosen.
Is my brand name taken?
Before you apply, you should search the USPTO’s trademark database (Trademark Electronic Search System, or TESS) to see if any trademark has already been registered or applied for that is: Similar to your trademark. Used on related products or for related services, and.
How do I hide my name on my LLC?
Anonymous Limited Liability Companies An anonymous limited liability company is one that hides all ownership information. This is accomplished by creating an anonymous LLC in a state that allows it and then using a different person to register it. The secrecy jurisdiction keeps company information anonymous.
How do you look up an LLC?
How to Look Up an LLCState Entity Databases. Each state maintains a free searchable online database that provides the public with some basic information about the business entities formed or registered to do business in that state. … The LLC’s Website or Office. … Business Data Firms. … Trade Associations. … Search Engines.
Are LLC owners public record?
The Statement of Information does require a list of the LLC’s members, and it does become public record. … In simple terms, the organizer is just the person who is filing the LLC with the state.
Does your LLC name matter?
The legal name of your LLC or corporation must be distinguishable from the names of other entities on record with the state filing office. … LLCs. An LLC’s legal name usually has to include words like Limited Liability Company, Limited Company; or abbreviations like L.L.C., LLC, L.C., LC, or Ltd.
Can two businesses have the same name?
Because business names are registered on a state-by-state basis, the fact that a company in another state has the same name as yours is usually not a cause for concern. However, you are right in that there could be intellectual property issues (namely, trademark) when two companies have the same name.