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A limited liability company ( LLC) is the United States -specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. [ 1 ] An LLC is not a corporation under the laws of every state; it is a legal form of a ...
One of the most popular ways to organize a business is as a limited liability company, otherwise known as an LLC. LLCs require less paperwork than C corporations and S corporations, while giving ...
Form an LLC in only seven steps: Select a unique name, appoint your registered agent, determine your LLC's structure, create an operating agreement, file articles of organization, get an EIN and ...
v. t. e. A loan-out corporation, also known as a loan-out company, or personal service corporation, is a form of US business entity in which the creator is an 'employee' whose services are loaned out by the corporate body. The creator of the corporation is typically the sole shareholder, [1] and thus the corporation is used as a means to reduce ...
Here are the steps to get started: 1. Look for a low-cost state to set up the LLC. Each state has its own process for setting up an LLC, and you should look at each state’s costs, since they ...
A mutual benefit corporation will pay the same taxes as a regular for-profit corporation, with C corporation tax rates. Mutual benefit corporations must still file tax returns and pay income tax because they are not formed for a purpose from which anyone in the world could benefit. Mutual benefit corporations are formed for nonprofit purposes ...
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