LLC Examples: Everything you Need to Know

When it comes to business entities, there are a few different types that you can choose from. One of the most popular is the LLC. What is a limited liability company, and how does it work? What are the benefits and disadvantages of owning one? How do you find out who owns an LLC? We will answer all of those questions in this blog post and more! We will also discuss some of the available different types of LLCs.

LLC formation

So whether you are just starting in business or considering making a switch, this post has everything you need to know.…

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The Advantages of an LLC Legal Structure for Your Small Business

Starting a new small business involves a lot of preparation. You need funds, space, and equipment to start your operations. Aside from these immediate needs, you also need to comply with local and national requirements to ensure that your business operates legally.

LLC legal structure benefits small business

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One of these legal requirements is choosing a business structure that determines your company’s day-to-day operations, such as management, taxation, profit-sharing, and legal recognition. Many small business owners prefer the arrangement brought on by a limited liability company (LLC).

What is an LLC?

It is a business structure that allows business owners to enjoy limited personal liability without the sky-high tax rates of a corporation.…

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Does Every Small Business Need an LLC?

You don’t need an LLC, but you might want one.

An LLC is a limited liability company, a popular type of business structure that limits the liability of the business owner or owners, called members. If someone sues your company, has a lien or judgment against your company, that person or entity cannot attempt to take your personal assets, only business assets, when you’re structured as an LLC.

Small business legal team discussing LLC formation

Starting a Business Without a Formal Structure

You can start your own business without creating a formal business entity. When you do this, your business will default to a sole proprietorship if you are the only owner.…

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The Difference Between An LLC And A Corporation

When it comes to forming your new enterprise, there are a lot of different documents that you have to fill out before you can become legal in the eyes of the IRS. The first and most important thing you have to do is determine the kind of entity you want your business to be.

LLC vs. Corporation

Usually, small business owners will compare LLC vs. Corporation, but how do they stack up against each other? Let’s go over some important metrics to find out.

Liability

One of the benefits of starting an LLC or corporation is that the company is separated from your personal assets, including things like debt.…

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Advantages of an LLC over an S Corp for a Family Business

When starting a business it is important to determine what type of legal entity the company is going to take. Many businesses are started by one individual which makes them a sole proprietor when they are starting.

As businesses grow they often get changed into a partnership or a corporation. If the owner decides that they want a corporation, there are two types that are more common than others, the limited liability corporation and the S Corp. The LLC has a lot of advantages over the S Corp.

LLC benefits

Advantages of an LLC

There are four main advantages of an LLC.…

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