Here is the down and dirty on LLCs. Typically 2 or more persons file articles of organization with the secretary of state, Usually must contain the words Limited Liability Company, LLC or some variation of. LLC life may not exceed a statutorily specified time Total value of all cash must be disclosed and becomes a matter of public record LLC can be managed by its members or an elected group of managers. This must be disclosed when filing the AOO. An LLC can be a general or limited partner in a partnership. THE PREVIOUS TWO POSTS WERE GENERAL INFORMATION FOR MY FRIENDS AT ET. I AM NOT AN ATTORNEY, DO NOT KNOW AN ATTORNEY, AND TRDRMAC, TRDRMAC'S DOG, AND TRDRMAC ENTERPRISES WILL NOT BE HELD RESPONSIBLE FOR ANY DECISIONS BASED ON THIS INFORMATION. HOWEVER, IF YOU LAND A CHICK POSING AS AN ATTORNEY WITH ANY OF THE ABOVE knowledge TM WOULD LIKE TO HEAR about THAT.