One of the leading reasons for forming a LLC is the lawsuit protection it offers the owners, known as members. If the LLC is sued, the members’ financial exposure is limited to their amount of investment. An investment of $10,000 is the maximum that can be lost. This assumes there is no fraud perpetrated by [...]
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LLC vs. S Corporation
Which to choose “LLC or S”? Let’s compare the LLC vs S Corporation to answer the question. An S Corporation has been one of the most preferred and popular forms of business structures in the United States for several years. Recently however, many business owners are realizing the benefits of a relatively new structure the LLC. In comparing these [...]
Forming a LLC
If you do your homework well, following through the formalities of forming a LLC will not be tedious. The steps that you need to follow while forming a LLC are:
Limited Liability Company
The major feature of a limited liability company is that it limits the liability of the owners to the extent of their equity while excluding the personal liability from the general debts and other obligations of the company. This is unlike other forms of business ownership like a sole proprietorship in which the owners assume [...]
Benefits of a LLC
from some of the liabilities of being in business and at the same time receive some of the tax benefits of other more elaborate business registrations like an incorporation or partnership. In order to register a business as an LLC or limited liability company the business has to prepare articles of organization and file them [...]
