As the name suggests , a single-member LLC has a single owner. What famous companies are LLCs? When an LLC will be formed with multiple members, a general partnership is the preferred. Consider all the major brands you know that are actually LLCs: Kaiser Permanente , Koch Industries , Price Waterhouse , and even Chrysler operate under LLC agreements.
Owners of an LLC are called members.
Sample LLC names can be found online, but you should come up with a list of names based on prior research. A business name is a valuable tool that helps customers or clients remember your product or service. When it comes to naming an LLC, there’s more involved than simply thinking of various names. For many business owners, choosing a name is one of the most important aspects of doing business. One of the most important things to keep in mind is that the name must be distinct and memorable.
See full list on upcounsel. You must also use the secretary of state website to research other names already in the database.
State officials will reject the name if it conflicts with another that’s already registered. (more…)