What are the benefits of forming an LLC and what is the easiest, most affordable way to go about it?
A limited liability company (abbreviated L.L.C. or LLC) is a legal form of business company that provides limited liability to its owners. it is a hybrid business entity having certain characteristics of both a corporation and a partnership. 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. It is often more flexible than a corporation and it is well-suited for companies with a single owner.
The most affordable way to set up an LLc is to go to the state corporation section of the state forms and fill out yourself, cost is anywhere from $100 in TN to $300 in Tx, the forms are very easy and short.
Check out Somebody knows small business/loans
In addition to what Somebody Knows 44 said, LLC is most suitable for professionals like; Accountants, Lawyers, etc.
by Laura C. 15 years ago
Once I have an LLC, am I required to use it? Or may I continue to do some work as a sole...proprietor? Thanks.
by Team A 12 years ago
Which one comes first: Forming a corporation or having a business plan?
by Keith Schroeder 13 years ago
How to I change an LLC business name?How can I legally change a business name set up as an LLC or corporation with a different name?
by Nickny79 16 years ago
Issue: Why raising taxes on corporations is BAD economics and does NOT serve any social justice:1. when gov't raises taxes on corps., corps. don't pay more money, CONSUMERS do with increased prices that account for the increased cost of doing business. 2. when gov't raises taxes...
by ga anderson 6 years ago
Washington, DC - United States Senator Elizabeth Warren (D-Mass.) today introduced the Accountable Capitalism Act to help eliminate skewed market incentives and return to the era when American corporations and American workers did well together. The legislation aims to reverse the harmful trends...
by Dan Harmon 9 years ago
Seems the NFL has warned Georgia about passing a new bill designed to protect those that discriminate against gays. They have warned that Atlanta would likely not have any chance at the super bowl should the bill be signed into law. (It has passed both houses and awaits the governor's...
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