A limited liability company (LLC) is the United States-specific form of a private limited company. It is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. An LLC is not a corporation in and of itself; it is a legal form of a company that ...
Nov 7, 2016 ... An explanation of the LLC business form, including LLC taxation, common myths, and how to form an LLC in one or more states.
Learn the definition of a Limited Liability Company or LLC. Find the information you need about starting an LLC and form an LLC online through LegalZoom.
A corporate structure whereby the members of the company cannot be held personally liable for the company's debts or liabilities. Limited liability companies (LLC) differ slightly from one country to the next. However, it is essentially a hybrid entity that combines the characteristics of a corporation and a partnership or sole ...
For new business owners, an explanation of an LLC as compared to other forms of business ownership is helpful in deciding which to choose. LLC stands for limited liability company, which as the name ...
Whether you are just starting your business or have been operating as a sole proprietorship or general partnership, you may be wondering about the benefits of incorporating your business as a limited liability company (LLC). Many business owners assume it will be too costly or time-consuming—but neither is the case.
The Limited Liability Company or LLC is an alternative type of business entity. A Limited Liability Company or LLC is like a corporation regarding limited liability, and it's like a partnership regarding the flexibility of dividing profit among the owners. An LLC can elect to be treated either as a partnership or as a corporation for ...
Simply put, an LLC is the least complex business structure. Unlike an s corp or c corp, the structure of an LLC is flexible. Starting an LLC also gives you the perk of pass-through taxes, limited liability (obviously), and legal protection for your personal assets. Plus the added benefit of looking more legit than the other guys.
Dec 13, 2017 ... Since the government views the company and the owner as one taxable entity with this business setup, members are also allowed to pass LLC profits through ... Operating as a limited liability corporation can also save you from paying more in self-employment taxes than you need to, which we'll explain in ...