Bill Snyder has come to you again. As stated earlier, he has decided to start his new landscaping business as a limited liability company; however, he does not know how to proceed. He wants you to direct him on how to start an LLC. He lives in Colorado

• What is an LLC How is it different or similar to other legal formalizations such as a Sub-S corporation?
• Explain again the advantages and disadvantages of having an LLC.
• Describe the process of forming an LLC, including but not limited to where to go to get the first process of organization. Refer him to the video of the Secretary of State Office that you have seen. Re-explain the process set forth in Cheeseman (2019) and the video.
• Explain duration of the LLC, capital contributions, dividing profits and losses, and the liability of an LLC on its members.
• Bill indicated that they may have more than one member in his company. Explain to Bill the differences between member management and a manager-managed LLC.
• Use outside sources to draft a sample operating agreement for the LLC. Set the agreement at the end of your paper as a part of your submission, or as a separate document to submit. (it needs to be in legal format). See instructions below.
• Finally, discuss the fiduciary duties of members of an LLC.