An LLC is an excellent choice for business owners who want the liability protection of a corporation but without the double taxation. The LLC is a type of organization with all the advantages of a corporation, along with the ability to pass business profits and losses along to you personally....
Start your LLC: 1. Select a State 2. Name your LLC 3. Choose a Registered Agent 4. File Articles of Organization 5. Make an Operating Agreement
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Start your LLC: 1. Select a State 2. Name your LLC 3. Choose a Registered Agent 4. File Articles of Organization 5. Make an Operating Agreement
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Starting a Texas LLC, step-by-step How much does it cost to start an LLC in Texas? How long does it take to get an LLC in Texas? Here are the steps to forming an LLC in Texas 1. Search your LLC Name 2. Choose a Texas Registered Agent 3. File Texas LLC Certificate of Formation...
If you're unsure whether or not you should form an LLC – and where to begin – here's a primer on getting started.
The first benefit of an LLC is protecting your personal assets. Meaning, if your business is sued, your personal assets – like your home, cars, and bank accounts – are protected. This protection applies to all LLC owners (called LLC Members). It doesn’t matter if you have a Single-...
A family LLC allows heirs to become shareholders who benefit from the assets held by the LLC. The tax benefit of the LLC lies in the fact that the value of the shares transferred to heirs can be discounted steeply, often up to 40% of their market value. ...
If you think you can benefit from the combined features of using an LLC to own and operate your small business and then having it be taxed like an S corporation, evaluate the election of S Corp tax status for your LLC. From double taxation to self-employment tax, this article will ...