Start a Business Division of Corporations Florida Department of State
A limited liability company is a corporate structure that protects its investors from personal responsibility for its debts or liabilities. When starting a business, do your research and develop a business plan. This allows you to raise the money you need to start your operation. The Small Business Administration uses the number of employees working at a company and its annual revenue to formally define a small business. For 229 industry sectors, from engineering and manufacturing to food service and real estate, the SBA sets sizing standards every five years. Most businesses operate to generate a profit, commonly called for-profit.
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- The members guarantee the payment of certain amounts if the company goes into insolvent liquidation, but otherwise, they have no economic rights in