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LLC

Should I Form an LLC or S-Corp?

Why Choose an LLC? Yearly, more people start LLCs than S-Corps. When considering the LLC vs. S-Corp question, keep in mind that limited liability Read more...

How Are LLCs Taxed?

If more than one person is involved in the creation of the LLC, then it is presumed to be a partnership LLC when it comes to federal tax purposes. The IRS Read more...

Which States Require an LLC Operating Agreement?

What Is an LLC Operating Agreement? An LLC Operating Agreement is the document wherein a Limited Liability Company memorializes its rules and structure. Read more...

What are the Advantages and Disadvantages of Starting an LLC?

What Are the Advantages of an LLC?   Tax Flexibility:   Typically, the IRS does not consider an LLC to be a distinct separate entity for tax Read more...

What Is Limited Liability?

Limited liability refers to the protection of personal assets from business debts. For example, if your company went bankrupt, you would lose your Read more...

What Does LLC Mean?

LLC is short for limited liability company. It's a type of legal business entity that was developed to provide business owners with a lower level of Read more...

Can I Change My Business Entity to or from an LLC?

Changing business entity depends entirely on your state. Many states offer statutory conversion which is a simplified way to change your business’ Read more...

How Do LLCs Compare to Other Business Entities?

LLCs offer the same protections as S and C corporations, while providing much more flexibility, but they are not always the best choice. LLCs may not Read more...

What Are the Types of Limited Liability Entities?

Limited liability companies (LLCs,) limited liability partnerships (LLPs,) and traditional corporations such as S and C Corps all afford limited liability Read more...