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Tax
Advantages of the LLC
The
essential advantage of a limited liability company is LLCs provide
pass-through treatment without taxation at the entity level,
essentially partnership tax treatment, while shielding members from
personal liability. Multiple member LLC's are treated as a partnership
and file a US Partnership Tax Return Form 1065. Single Member LLC's can
be treated as a Sole Proprietorship and are taxed on the member's 1040
Schedule C.
More?
Read here.
Liability Protection
A Limited Liability Company has similar
protections for the owners as a
corporation. Limited Liability Companies have the advantages of a
partnership when it comes to its organization and control. It can have
multi-levels of membership interest, and control and equity benefits
limited by the parties (and their attorney's) imagination. The LLC has
the extreme flexibility of a partnership, yet can be established in a
traditional manner similar to a corporation.....More
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Limited
Liability Companies
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Forming
a business
as a Limited Liability Company has all the liability limitation advantages of a
corporation and all of the tax advantages of a
proprietorship or
partnership. Only in rare circumstances should a new business be
started as a sole proprietorship, partnership or S corporation. The LLC serves most new
and growing business well.
Choosing the
Right
Business Entity
The LLC is the best entity or most new
closely held businesses. What are the tax and business
difference between a LLC, Corporation, Partnership and Sole
Proprietorship? .....More
Corporations
Corporations
are
established by filing an Article or Certificate of
Incorporation with the appropriate State agency. ...More
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