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 94567

Structural Advantages of a Limited Liability Company (LLC) in Zip Code 94567


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 94567
Ryan, Blake & Associates
1901 Avenue of the Stars 2nd Floor
Century City, CA 90067
(877) 927-9990
Legal Service Plans, Business Litigation Attorneys, Real Estate Attorneys, Loans
Walton Lorrie A
1740 W Katella Ave
Orange, CA 92867
(714) 978-9988
Attorneys
Gillam Law Firm P C
1801 Century Park E # 1560
Los Angeles, CA 90067
(310) 203-9977
Attorneys, General Practice Attorneys, Discrimination & Civil Rights Law Attorneys, Legal Service Pl
Gibson Michelle Law Offices
21860 Burbank Blvd Ste 360
Woodland Hills, CA 91367
(818) 999-9957
General Practice Attorneys, Attorneys, Legal Service Plans
Jubin J. Sharifi, APLC
1875 Century Park E
Los Angeles, CA 90067
(323) 848-9904
Attorneys,  Accident & Property Damage Attorneys,  Personal Injury Law Attorneys,  Wrongful Death At
Goldberg Barry P
21650 Oxnard St # 1960
Woodland Hills, CA 91367
(818) 226-9840
Attorneys
Brad Kuenning Law Ofc
1875 Century Park E
Los Angeles, CA 90067
(626) 564-9792
Labor & Employment Law Attorneys, Attorneys, General Practice Attorneys, Legal Service Plans
Weidmann Mark
1880 Century Park E Suite 817
Los Angeles, CA 90067
(310) 201-9699
Attorneys, General Practice Attorneys, Legal Service Plans
Nehoray Legal Group
21900 Burbank Blvd Fl 3rd
Woodland Hills, CA 91367
(818) 571-9696
Bankruptcy Law Attorneys, Legal Service Plans, Attorneys
Eddy William
PO Box 70067
San Diego, CA 92167
(619) 232-9688
Mediation Services,  Attorneys,  Arbitration Services,  Legal Service Plans
Rosenberg Gary A
6400 Canoga Ave # 205
Woodland Hills, CA 91367
(818) 883-9545
General Practice Attorneys, Attorneys, Legal Service Plans
Kemp Maurice
19851 Hartmann Rd Ste A
Hidden Valley Lake, CA 95467
(707) 987-9523
Attorneys, Legal Service Plans
Kemp Maurice
18448 Kentwood Pl
Hidden Valley Lake, CA 95467
(707) 987-9523
Attorneys, Legal Service Plans
Silver & Freedman Attorneys
2029 Century Park E # 1900
Los Angeles, CA 90067
(310) 282-9400
Attorneys, General Practice Attorneys, Legal Service Plans, Labor & Employment Law Attorneys, Busine
Dana's Secretarial Services
P.O. Box 2897
Paradise, CA 95967
(530) 228-9341
Paralegals
Linder Mark J
1900 Avenue Of The Stars #1800
Los Angeles, CA 90067
(310) 556-9280
General Practice Attorneys, Attorneys
Goldberg & Gage
23002 Victory Blvd
Woodland Hills, CA 91367
(818) 340-9252
Personal Injury Law Attorneys, Attorneys, General Practice Attorneys
The Nourmand Law Firm, APC
1801 Century Park East suite 2600
Los Angeles, CA 90067
(800) 700-9243
Corporation & Partnership Law Attorneys,  Attorneys,  Accident & Property Damage Attorneys,  Real Es
US Legal Support
20970 Warner Center Ln # C
Woodland Hills, CA 91367
(818) 878-9227
Attorneys Referral & Information Service
Seifert Norbert M
1801 Avenue Of The Stars # 920
Los Angeles, CA 90067
(310) 277-9150
General Practice Attorneys, Attorneys
Kane Paula
1900 Avenue Of The Stars # 2000
Los Angeles, CA 90067
(310) 550-9123
General Practice Attorneys, Attorneys
US Visa Assoc INC
21550 Oxnard St # 695
Woodland Hills, CA 91367
(818) 999-9088
Immigration Law Attorneys, Attorneys
Pocrass Law Corporation
1875 Century Park E
Los Angeles, CA 90067
(310) 550-9050
General Practice Attorneys, Attorneys, Legal Service Plans
Betsy H. Alberts
309 Placerville Dr
Placerville, CA 95667
(530) 622-9010
Attorneys, Social Security & Disability Law Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US