*Information required. Your personal information is only used to contact you. MyLLC will never sell or share your information.
One of the most important aspects of business ownership is trying to determine what type of entity you should file. In fact, it's one of the most asked questions that MyLLC.com receives. It is imperative that you first seek counsel from your tax adviser and lawyers prior to making any major decisions regarding your business. With the understanding that MyLLC.com does not give legal or tax advice, this is a broad-stroke definition of LLCs, which is the type of business entity that most people are familiar with.
According to IRS.com, "A Limited Liability Company (LLC) is a hybrid type of legal structure that provides the limited liability features of a corporation and the tax efficiency and operational flexibility of a partnership." The "owners" of an LLC are referred to as "members." Depending on the state, the members can consist of a single individual (one owner), two or more individuals, corporations or other LLCs."
Essentially, LLCs offer the best of both worlds- the pass-through taxation and hassle-free maintenance of a partnership, and the limited liability protections for the owners and operators that a corporation offers. This is why it is quickly becoming the most popular business structure available today.
If you have determined that an LLC is the right entity for your business, MyLLC.com is ready to assist you with the entire process. Let's get started!
|
