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Key takeaways. LLC stands for limited liability company, which means its members are not personally liable for the company's debts. LLCs are taxed on a ?pass-through? basis ? all profits and losses are filed through the member's personal tax return.

Punctuation It should be treated as part of the business name and not separated by punctuation. For example: Correct: "ABC Company, LLC, is a leading provider of IT services." Incorrect: "ABC Company, LLC, is a leading provider of IT services."

Limited liability companies are one of the most flexible business entities. They allow you to choose how to distribute the profits, decide who manages the day-to-day business affairs, and decide how the profits will be taxed. They also offer a lot in terms of liability protection.

Disadvantages of creating an LLC Cost: An LLC usually costs more to form and maintain than a sole proprietorship or general partnership. States charge an initial formation fee. ... Transferable ownership. Ownership in an LLC is often harder to transfer than with a corporation.

There isn't a statute of limitations for murder. This means someone can be charged for murder whether the crime happened within hours or fifty years later. In Missouri, other Class A felonies in addition to murder also don't have any statute of limitations.

Name changes must be submitted to the MO Department of Commerce and Insurance within 30 days of each change and may be completed by going to the electronic name change for immediate updates. Address changes must be submitted to the MO Department of Commerce and Insurance within 30 days of each change.