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Web1. Choose an LLC name. All LLCs must have a name, and in Pennsylvania, this name must include the term “Limited Liability Company,” “Company,” or “Limited,” or some variation of these. This name also cannot include terms like “FBI,” “Secret Service,” or “Treasury,” or be an exact duplicate of an existing LLC name. WebExpert Answer. Correct options are -1,3,4,6 A corporation has unlimited life of operation, and separate legal entity (can operate in its own registered name). Its owners a …. Businesses can be classified into the following forms: sole proprietorship, partnership, corporation, limited liability company (LLC), and limited liability partnership ... WebOct 20, 2024 · Easier accounting process: You have two separate incomes and can plan accordingly. Required: Many banks will require that separate businesses have different accounts. More ability to evaluate the success of the business: When funds are separated, you can better identify profits, losses, and tax criteria. ... If you operate as an LLC or … dan hallahan construction