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…existing businesses using similar names, ultimately ensuring your desired new business name is unique and distinguishable from others in the state.   What data does an Illinois LLC search show? An…

…in your operating agreement: Can members withdraw their interest in the LLC? What is the process for doing so? Do members have a right to match offers made for a…

…Updating information regularly is also important. What is a registered agent? A registered agent, also known as a resident agent or statutory agent, is an individual or organization appointed to…

…you live. What is the purpose of a DBA? The purpose of a DBA is to operate a business entity under a name other than its official designation. This could…

…and reveal some common defenses against these liability claims. What is strict liability? The concept of strict liability makes a defendant liable for actions that harm others, regardless of whether…

…who then become limited partners. While the FLP is most typically used as an estate planning vehicle, it's important to note that it must be run like a limited…

…sale, despite a warranty that the property was “free of encumbrances”), the seller must reimburse the buyer an appropriate amount. What is a quitclaim deed? A quitclaim deed, in comparison…

…to shareholders. On your company's balance sheet, they're part of equity—a measure of what the business is worth. They appear along with other forms of equity, such…

…for tax purposes, then it is up to you as the business owner to decide which accounting system works best for your business needs. What is cash accounting, also known…

…they can base marketing budgets on what they think the company can afford instead of the company's sales. Picking a flat rate is usually effective for companies looking at…