12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Structural Advantages of a Limited Liability Company (LLC) in Zip Code 93634

Structural Advantages of a Limited Liability Company (LLC) in Zip Code 93634


Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.
 
- Steve Jobs


A Limited Liability Company blends almost all the structure of business entities like a sole proprietorship, Partnership, and corporation without their respective drawbacks. New business start-ups often choose an LLC as the structure of their business.

An LLC offers several key advantages for new businesses:

1. Chart Your Own Course

As the owner of a business, you want to carve out your own place under the sun by running your own show. An LLC can be run by a single person, and most states recognize you as the sole owner of the business. Being on your own, you can make decisions without Consulting or needing the approval of other members of the company. Like a sole proprietorship, you own, manage, and operate your business without the liability issues of a sole proprietor. If you have a co-owner, you can enter into a mutual or operating agreement to point out the obligations and respective role you each play in order for the business to run smoothly.

2. Bypass Double Taxation

An LLC is treated as a "pass-through" entity that allows profits to be taxed only once on each member's individual income tax return. (You can also opt for declaring your LLC as an S corporation or Partnership in order to receive similar "pass-through" treatment from the IRS.)

3. Limit Personal Liability

One advantage of structuring your business as an LLC is that your personal assets will not be used to pay off the debts or legal liabilities of the LLC. The only thing that the owner or investor may lose is the capital contribution that is invested in the company. There are instances where the owner of the LLC may be personally liable, such as when he/she personally guarantees a business debt, fails to exercise due care resulting in harm to a third party, or breaches his/her duties as an owner.

4. Limit Administrative Hassles and Paperwork

Setting up and maintaining an LLC is less complicated when compared to other types of business structures. An LLC can be formed by filing articles of organization with the relevant state office, and paying the corresponding fees. The application will indicate the name and address of the company, the identity of its member(s), and other information relevant to the business. There are no mandatory meeting or reporting requirements by the member(s) or any annual directors' meeting that is usually required by a corporation.

5. Gain Flexibility in Sharing Profits

Most businesses share their profits (or losses) based on the percentage of investment they have in the company. In an LLC it can also be applied as a basis for distributing the profits, but there are other ways to distribute the profits as indicated in the LLC operating agreement. There is an IRS rule about so-called special allocations that come into play that require allocations not based on ownership interest to reflect a legitimate economic circumstance as opposed to merely trying to gain a tax advantage for the owners.
 
Personalize & Print a Free CA Last Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Personalize & Print a Free CA Living Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Related Legal Services near Zip Code 93634
Ball Investigations
11178 Westminster Ave
Los Angeles, CA 90034
(213) 537-9978
Private Investigators & Detectives, Civil Litigation & Trial Law Attorneys, Criminal Law Attorneys,
Centeno Professional Svc
10008 National Blvd # 157
Los Angeles, CA 90034
(310) 915-9932
Paralegals
By The People
1371 Oliver Rd
Fairfield, CA 94534
(707) 428-9871
Divorce Assistance,  Incorporating Companies,  Notaries Public,  Legal Document Assistance,  Financi
Simas & Associates, Ltd.
3835 N Freeway Blvd # 228
Sacramento, CA 95834
(916) 789-9800
Attorneys,  Federal Law Attorneys,  Legal Service Plans,  Administrative & Governmental Law Attorney
Michellizzi, Schwabacher, Ward & Collins
767 W Lancaster Blvd
Lancaster, CA 93534
(661) 390-9438
Attorneys,  Personal Injury Law Attorneys,  Civil Litigation & Trial Law Attorneys,  Criminal Law At
Immigration Law Group LLP
3590 N 1st St # 310
San Jose, CA 95134
(408) 432-9200
Immigration Law Attorneys, Attorneys, Legal Service Plans
Victoria Clemans
3415 S Sepulveda Blvd
Los Angeles, CA 90034
(310) 803-9111
Attorneys, Legal Service Plans, Criminal Law Attorneys, Family Law Attorneys, Divorce Attorneys
Jesus Zuniga
43545 17th St W
Lancaster, CA 93534
(661) 942-8800
Attorneys,  Personal Injury Law Attorneys,  Bankruptcy Law Attorneys,  DUI & DWI Attorneys,  Family
STC Interpreting & Translation
9854 National Blvd., #359
Los Angeles, CA 90034
(800) 750-8797
Translators & Interpreters, Immigration Law Attorneys, Birth Certificate Service, Transcription Serv
Pacione Lisa M
42225 10th St W Ste 101
Lancaster, CA 93534
(661) 903-8654
Family Law Attorneys,  Probate Law Attorneys,  Wills, Trusts & Estate Planning Attorneys,  Attorney
Stewart Kathleen B
1300 Oliver Rd Ste 390
Fairfield, CA 94534
(707) 425-8550
General Practice Attorneys, Attorneys
Brian Watson
1455 Oliver Rd Ste 260
Fairfield, CA 94534
(707) 429-8507
Attorneys
Gary S Casselman Law Offices
3415 S Sepulveda Blvd Ste 370
Los Angeles, CA 90034
(310) 478-8388
Discrimination & Civil Rights Law Attorneys, Attorneys
Jefferies And Associates
42544 10th Street West Suite C & D
Lancaster, CA 93534
(661) 942-8247
Attorneys,  Family Law Attorneys,  Divorce Attorneys,  Civil Litigation & Trial Law Attorneys,  Bank
Goralka Law Firm
4470 Duckhorn Dr
Sacramento, CA 95834
(916) 440-8036
Attorneys, Wills, Trusts & Estate Planning Attorneys, Corporation & Partnership Law Attorneys, Legal
Umeda Mark Y
4600 Duckhorn Dr
Sacramento, CA 95834
(916) 925-8000
Attorneys
Aladdin Bail Bonds
42029 10th St W
Lancaster, CA 93534
(877) 765-7888
Criminal Law Attorneys, Bail Bonds, Bail Bond Referral Service
A Divorce Resource Inc
3002 Midvale Ave # 210
Los Angeles, CA 90034
(310) 441-7555
Divorce Attorneys, Paralegals, Legal Service Plans, Attorneys, Family Law Attorneys
LA Traffic Attorneys - Robert B. Hakim
3415 Overland Ave
Los Angeles, CA 90034
(310) 280-7250
Legal Service Plans, Attorneys
Kuzyk Law
1700 W Avenue E K, Ste 101
Lancaster, CA 93534
(661) 945-6969
Attorneys,  Accident & Property Damage Attorneys,  Legal Service Plans,  Bankruptcy Law Attorneys
Lorie Solis Ramirez, LDA 661-264-6538
963 West Avenue J
Lancaster, CA 93534
(661) 264-6538
Legal Document Assistance, Paralegals, Bankruptcy Services, Divorce Assistance, Wills, Trusts & Esta
MURO & MURO A Law Corporation
68828 Ramon Rd
Cathedral City, CA 92234
(760) 324-6450
Attorneys, Family Law Attorneys, Accident & Property Damage Attorneys, Personal Injury Law Attorneys
HWF Paralegal Assoc
2401 Waterman Blvd # A
Fairfield, CA 94534
(707) 429-6383
Paralegals, Attorneys
Bankruptcy David Lozano
42544 10th St W
Lancaster, CA 93534
(661) 268-6371
Attorneys, Bankruptcy Law Attorneys, Credit & Debt Counseling
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US