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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 company that provides limited liability to its
AT&T Corporation, an abbreviation for its former name, the American Telephone and Telegraph Company, was an American telecommunications company that provided voice, video, data, and Internet telecommunications and professional services to businesses, consumers, and government agencies.
However, if one is the sole member of a domestic limited liability company (LLC), one is not a sole proprietor if one elects to treat the LLC as a corporation. [5] In the United States, sole proprietors "must report all business income or losses on [their] personal income tax return; the business itself is not taxed separately. The IRS refers ...
LLC stands for "limited liability company," which is a business structure that combines the pass-through taxation of a sole protectorship with the limited liability of a corporation.
Meanwhile, an LLC provides more structure than a sole proprietorship but has no risk of double taxation. Learn more about these two types of business structures to determine which is right for ...
The two most popular ways of organizing a small business are LLCs and sole proprietorships. They are less costly and complicated compared to the alternatives of corporations and partnerships.
After this purchase, SBC adopted the better-known AT&T name and brand, with the original AT&T Corporation still existing as the long-distance landline subsidiary of the merged company. [37] The current AT&T Inc. claims the original AT&T Corporation's history (dating to 1877) as its own, [ 38 ] but retains SBC's pre-2005 corporate structure and ...
According to the IRS, over 29.31 million income tax returns were filed by nonfarm sole proprietors in 2021, indicating that many in the U.S. are self-employed, but beyond being a sole proprietor ...