Business Services
Quick Clicks
What's New
Jean Trainor to "recalibrate" to next career.
Learn more...

Traveling? Let us know so your credit and debit cards stay active.
Learn more...

Tour beautiful homes at the Parade of Homes!
Learn more...

Learn how to better protect yourself from fraud.
Learn more...

Can we save you money on your auto loan?
Learn more...

Is your vehicle insured with Veridian?
Learn more...

Business Services
Limited Liability Company (LLC)
The LLC is a relatively new type of hybrid business structure that is now permissible in most states. It is designed to provide the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership. Formation is more complex and formal than that of a general partnership.

The owners are members, and the duration of the LLC is usually determined when the organization papers are filed. The time limit can be continued, if desired, by a vote of the members at the time of expiration. LLCs must not have more than two of the four characteristics that define corporations: Limited liability to the extent of assets, continuity of life, centralization of management, and free transferability of ownership interests.

To speak with a professional, get in-touch with one of our Business Relationship Officers to set up a consultation.

Compare business types