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2. Low-profit limited liability company - Wikipedia

   en.wikipedia.org/wiki/Low-profit_limited...

   When taxed as a C-Corporation, the entity will pay corporate taxes before profit is distributed to members who will also be required to pay tax on their gains. This is sometimes called double taxation. [22] [19] Prior to electing a taxation form, members of the L3C should consider the personal tax consequences of each election form.

3. Limited liability company - Wikipedia

   en.wikipedia.org/wiki/Limited_liability_company

   The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation. As a business entity, an LLC is often more flexible than a corporation and may be well-suited for companies with a single owner. [5]

4. Entity classification election - Wikipedia

   en.wikipedia.org/wiki/Entity_classification_election

   This entity classification election is made by filing Internal Revenue Service Form 8832. Absent filing the form, a default classification applies. U.S. corporations of the type that can be publicly traded must be treated as corporations. There is a list of specific foreign entities that must be treated as corporations. [2]

5. Incorporation (business) - Wikipedia

   en.wikipedia.org/wiki/Incorporation_(business)

   There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of a business such as loans, accounts payable, and legal

6. Do you overplan the holidays? You might be missing the point

   www.aol.com/overplan-holidays-might-missing...

   The last few weeks of the year can be a busy and stressful time. Here’s how to focus on what really matters this holiday season, according to experts.

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   Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.