Question

List three examples of LLC's sell and buy restrictions

Answer 1

	LLC stands for Limited Liability Company.Creating an LLC is a good way to "wall off" your personal assets from your company's liabilities, offering protection for your personal assets in the event of a judgment against your business. For this reason, forming an LLC is a better fit for many owners than a sole proprietorship or a general partnership.An LLC is not a corporation; it is a legal form of a company that provides limited liability to its owners in many jurisdictions. LLCs do not need to be organized for profit.
	Reason that LLC's Become Popular
1	In case of LLC, There is no need to file a corporate Tax Return.Owners report their share of profit and loss on their individual tax returns.
2	Owner is not need to be a U.S. Citizens or permanent Residents.
3	Owners have limited liability for business debts and obligations.
4	Partners, suppliers and lenders may look more favorably on your business when you've formed an LLC.
	Disadvantage of LLC
	Although there is no statutory requirement for an operating agreement in most jurisdictions, members of a multiple member LLC who operate without one may run into problems.
1	It may be more difficult to raise financial capital for an LLC as investors may be more comfortable investing funds in the better-understood corporate form with a view toward an eventual IPO.
2	Renewal fees may also be higher.
3	The management structure of an LLC may not be clearly stated. Unlike corporations, they are not required to have a board of directors or officers.
4	The principals of LLCs use many different titles—e.g., member, manager, managing member, managing director, chief executive officer, president, and partner. As such, it can be difficult to determine who actually has the authority to enter into a contract on the LLC's behalf.