An LLC is a hybrid legal entity with the characteristics of a corporation, partnership and sole proprietorship. “LLCs are just another entity type to protect the business owners,” said attorney Ryan Gordon. Typically, LLCs are highly advantageous for business owners. They provide the same liabi...
A limited liability company, or an LLC, is a U.S business structure that gives you protection and flexibility to run your business.
An LLC is recognized as a more formal business structure than a sole proprietorship or partnership. Including LLC in your business name lets customers and partners know that you are a credible business. Access To Business Loans Once you have formed an LLC, your business can begin building a ...
An LLC can be classified as either a corporation (an S-Corp or a C-Corp), a partnership, or as part of the LLC’s owner’s tax return. This is often referred to as a “disregarded entity”. LLCs with at least two members are considered partnerships, unless they file a specific tax...
The LLC is probably most like a limited partnership, but without the requirement that there be at least one general partner liable for the debts and obligations of the partnership. An LLC is a statutory creation. That is, unlike general partnerships which developed under common law, an LLC, ...
A limited liability company (LLC) is a legal business structure that combines elements of a corporation and a partnership. Here’s a look at how LLCs work.
LLC vs. S Corporation LLC vs. Sole Proprietorship LLC vs. Partnership How to Form an LLC How Are LLCs Taxed? Although they're newer than other business structures, LLCs are a top choice among business owners. Especially for small- to medium-sized companies. They're simple, flexible, and...
Alternatives to a limited partnership If you set up a limited partnership, you can attract investors without giving them any management authority. This same goal can be achieved by structuring the business as a corporation or an LLC. However, this involves more complex organizational documents, incr...
An LLC, or "limited liability company," is a business structure that protects business owners from personal liability for the limited liability company's business debts. LLCs as a business structure are very popular, but how do you know if it's your right choice? Let's explore all that yo...
Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship. While the limited liability feature is similar to that of a corporation, the availability of pass-through taxation to the members of an LLC is a feat...