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Source LLC Liability Complete Business Associations List Matched to this deck.

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0 tracked cards Business Associations

Two founders want to operate through a limited liability company.
When does an LLC generally come into legal existence?

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An LLC generally comes into existence when the required articles or certificate of organization is filed or accepted by the proper state office. An LLC comes into existence only after it earns a profit. An LLC comes into existence when two people orally agree to share profits, without any filing. An LLC comes into existence only after a court enters a formation decree.

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