Meaning it doesn't exist separately unless you elect for it to be treated separately.An LLC can be taxed as an S-corp, C-corp, sole proprietorship, partnership, association, etc.I would not worry about incorporation yet because Illinois is expensive to do so in.

Ive read you can do it if you keep the articles of incorporation vague.

I am going to incorporate this mindset into every deal that I come across and hopefully make a smooth transaction.

If so, why not incorporate the terms of a deed of trust and use a trustee to follow as a foreclosure under the same terms as if it were a note and deed of trust?

Any future claim would be on your watch.I'd never have any repair or maintenance agreement incorporated into a lease.

The filing exemption only applies if assets are less than a specified dollar amount ($250,000) and the plan provides deferred compensation solely for an individual or an individual and his or her spouse who wholly own a trade or business, whether incorporated or unincorporated.

There are many ways to profit, it takes people being involved.Read the IRS Code 501 C 3, and follow the requirements, then adapt that to your state law of incorporation, not hard to do.

I'd suggest when yoy talk to your attorney about forming the LLC that you include, specifically all kinds of activities in your Operating Agreement and Certificate of Incorporation and not rely on that catch all description of doing all things.

There is typically little to no benefit to incorporating in another state unless you want to be subject to more paperwork and more fees.Texas has a very strong Series LLC which I hear is highly recommended.

Anyone have input for Incorporating in Nevada?