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Blog posts tagged with "llc"
Several Critchfield clients who recently formed limited liability companies (LLCs) have received letters asking them to purchase an overpriced Certificate of Good Standing. The Certificate of Good Standing is unnecessary in most cases and companies soliciting you to makes these purchases are running a scam.
This brief article provides an accurate summary of the terminology used for Corporations and LLCs in today's legal world which should help the reader have a better understanding of who's who in the entity of choice.