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For this assessment, you are to create a 7,5,0 worded essay that explains the legal forms needed in your home state at the different stages
For this assessment, you are to create a 7,5,0 worded essay that explains the legal forms needed in your home state at the different stages of operating a limited liability company. The purpose of this essay is to build your understanding as a paralegal of the terms used in creating, managing, and dissolving business entities. Apply laws governing legal forms, responsibilities, and requirements for limited liability company(LLC) in your state, and include the following prompts:
- Provide an introduction listing your home state and briefly describe the essential characteristics of an LLC.
- Identify the procedural laws in your home state for establishing a limited liability company (LLC). Utilize Lexis Advance to research the applicable laws that govern the courts and methods for LLCs in your state. Please ensure to include Bluebook Citations.
- Describe the process for forming an LLC in detail and determine the necessary forms that would be required to be completed and filed with any local or state agencies.
- Create a list of organizational documents that may be essential for an LLC and justify your response by briefly describing why the forms will be needed.
- Discuss any relevant substantive laws that relate to the aspects of managing an LLC in your state. Demonstrate your understanding by including any necessary fiduciary requirements and liabilities of an LLC.
- Describe the necessary steps that must be completed in your state to dissolve an LLC. Justify your response by including the applicable law and include Bluebook citations.
- Include a conclusion summarizing the most important aspects of forming, managing, and dissolving an LLC based upon your research of the substantive and procedural laws in your home state.
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