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Due to the fact there are no shares or shareholders in the limit by guarantee structure, trading income is normally reinvested in the business to further its non-profit aims. The decision really is as simple as that, though you can use limited by guarantee company for a profit-making business if you don’t want to issueshares.
Registering your LLC or LP: The rules governing LLCs and LPs will vary state to state, so be sure to check your specific state regulations. You’ll still need to establish bylaws, hold a meeting with your board of directors, issueshares, and obtain any permits or further registration you need to do business.
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