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Written by : Harriet Friske |
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that's dope dope what does dope mean dope can mean several different things depending on the situation in which it is used if someone says that's dope or those are dope dope is a slang word used by younger people and it means awesome cool exciting dope can also be a slang word that means heroine or cocaine if someone tells you that stephen sells dope that means stephen sells illegal drugs you could also say that stephen is a dope dealer a dealer is someone who sells something a car dealer a dope dealer a dope fiend is someone who is addicted to drugs very seriously she doesn't have any money because she is a dope fiend or she is a dope addict an addict is a person who is addicted to something fiend is a more negative way to say addict so the dope fiend buys the dope from the dope dealer and it's not dope it's not cool it's not good it's the opposite of dope it's bad so there you go two meanings of dope dope can mean very cool and it can mean drugs
Thanks for your comment Sibyl Koziol, have a nice day.
- Harriet Friske, Staff Member
and LLC is a limited liability company a legal entity also business structure that's created by state law an LLC can be used to run a business or it can be used to hold assets such as real estate vehicles boats or aircraft the owners of an LLC are called members an LLC can be owned by one person called a single-member LLC or an LLC can be owned by two or more people called a multi-member LLC the LLC is created by filing LLC formation documents with your state and paying the filing fee so why would you form an LLC the number one reason is for asset protection by forming an LLC you create a protective wall between your business and your personal assets your personal assets include everything that you own your home cars trucks bank accounts investment properties votes jewelry etc if your business is sued creditors can only attack the assets of the LLC to settle those debts and liabilities your personal assets are safe and secure they are not considered a part of the business again without forming an LLC your personal assets are at risk if your business is sued so let's talk about some language mistakes that people make regarding LLC's there are two common mistakes that people make when talking about LLC's first they say I want to form a limited liability corporation you cannot form a limited liability corporation there is no such thing an LLC is a limited liability company we also hear people say I'm going to LLC myself again this is incorrect you cannot do that you can't LLC yourself but you can form an LLC remember the LLC is separate and apart from you it's not you you form the LLC then you own and manage that LLC it's important that you understand the difference in these terms so that you don't sound like an idiot and you can speak intelligently about your business now let's discuss the basics of LLC's versus corporations a lot of people ask us should they form an LLC or a corporation let's discuss the major differences between the two LLC's don't have to elect a board of two factors corporations do LLC's don't need a hold board meetings corporations do LLC's don't have to keep a record of all of their meetings corporations do LLC's aren't subject to double taxation and corporations are and LLC's can distribute profits cover they want what corporations can in short LLC's are the most popular and most flexible business structure for business owners entrepreneurs and real estate investors LLC's are inexpensive to set up you'll pay a one-time filing fee to form your LLC and the setup fee is inexpensive compared to forming other types of business entities like corporations losing your personal assets is much more expensive than setting up your LLC and even if your state has higher filing fees they are well worth the assurance of knowing that your personal assets are fully protected LLC's are also low maintenance once it's set up there are only a couple of requirements to keeping it active the first requirement is sending your annual report to the state and note not all states have annual report requirements and the second requirement is to file your state and local taxes other than that the only additional work you need to do is file a simple form if you change your address LLC's are quite easy to maintain so how do you pull an LLC you pick a name for your LLC you prepare your LLC formation documents you submit your documents to the state and pay the filing fee and then you wait for approval yes there are a few more steps but those are the basics in getting your LLC started we go into more details and on all these topics mention the rest of the videos in our series
Thanks Mariko your participation is very much appreciated
- Harriet Friske
About the author
I've studied international affairs at University of New Orleans in New Orleans and I am an expert in anthropology of media. I usually feel loved. My previous job was script editor I held this position for 16 years, I love talking about planning and bocce ball. Huge fan of Leonardo Nam I practice canoeing and collect barbie dolls.
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