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!
 
 

Advantages and Disadvantages of a Limited Liability Company (LLC) in Zip Code 95041

Advantages and Disadvantages of a Limited Liability Company (LLC) in Zip Code 95041


Grit is often the single-most predictor of success.
 
- Jonah Lehrer


A Limited Liability Company (LLC) is a legal business entity that combines the liability protection of a corporation, the operating flexibility of a Partnership, and the tax benefits of a sole proprietorship. Though the rules for forming an LLC vary by state, it is a popular option for many start-up businesses.

Advantages:

Limited Personal Liability and Exposure

One advantage of an LLC is the limited liability shield, which protects the personal assets of its members. Creditors, typically, cannot hold members personally responsible for the debts and liabilities of the business. Members can only be liable to the extent of their business investment.

Pass-through Taxation

Though there are an array of tax options for a Limited Liability Company; an LLC is generally treated as a "pass-through" entity. Profits and losses pass through the business to the members and are taxed at the personal level. The business itself is not taxed. Reporting is done on members' individual income tax returns. No double taxation with both the company and the owner(s) paying taxes on the earnings of the business.

Operational Flexibility & Simplicity

An LLC is much less formal than a corporation. Record keeping and administrative procedures are not as onerous. There are no quarterly and annual meetings, or tax filings. Neither is there a board of directors.

Legitimacy

Registering a company as an LLC adds credibility to a business, and can help in brand building and marketing to potential clients and suppliers. In addition, the company can enter into contracts on its own, and also acquire property.

Disadvantages:

Higher Fees

An LLC typically pays higher filing fees compared to some other business entities or sole proprietorships. Additionally, some states require annual renewal fees or franchise taxes. It is difficult for an LLC to attract additional investment because the company does not have the ability to issue stocks and bonds. Members have to finance its business activities, or take in private investors. Getting a loan can be tough, especially for small and start-up companies. The company may have to use its business, or personal, assets to guarantee business loans.

Fewer fringe benefits

Employees of an LLC who receive fringe benefits, for example, medical insurance and parking, must treat these benefits as taxable income. This is also true for employees who own more than 2% of an S-corporation. However, employees of a C-corporation do not have to report fringe benefits as taxable income.
 
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 95041
A Abatement of Action Bankruptcy Attorney
4905 N West Ave Ste 102
Merced, CA 95341
(209) 388-9988
Bankruptcy Law Attorneys,  Attorneys,  Foreclosure Services,  Bankruptcy Services,  Legal Service Pl
Elliott Richard J
9340 Fuerte Dr
La Mesa, CA 91941
(619) 460-9300
Attorneys, General Practice Attorneys
Swanee Gene
PO Box 686
San Fernando, CA 91341
(818) 701-9140
Attorneys Referral & Information Service
Goodman Louis J
1290 B St
Hayward, CA 94541
(510) 582-9090
Criminal Law Attorneys,  Domestic Violence Attorneys,  Drug Charges Attorneys,  DUI & DWI Attorneys,
Denise Eaton May
1290 B St
Hayward, CA 94541
(510) 276-9056
Labor & Employment Law Attorneys, Attorneys
AmeriDiamond Virtual Assistant
2668 Capella Dr
Merced, CA 95341
(209) 349-8919
Estate Planning, Probate, & Living Trusts,  Secretarial Services,  Transcription Services,  Legal
Lippenberger Carl
591 Redwood Hwy Frontage Rd
Mill Valley, CA 94941
(415) 389-8900
Attorneys, Legal Clinics, Real Estate Attorneys, General Practice Attorneys
Oliver Stephen Law Office
OLIVER Stephen LAW
Downey, CA 90241
(562) 869-8829
General Practice Attorneys, Attorneys, Legal Service Plans
Bennington Peggy L
409 Throckmorton Ave
Mill Valley, CA 94941
(415) 888-8751
Attorneys, Family Law Attorneys, Divorce Attorneys
D'Andrea Bonora Trial Cnsltnts
207 Miller Ave
Mill Valley, CA 94941
(415) 482-8322
Attorneys Support & Service Bureaus
Mireya Immigration Svc
11418 Old River School Rd
Downey, CA 90241
(562) 776-8300
Immigration Law Attorneys, Immigration & Naturalization Consultants, Attorneys
Brett Gibbs Law Office
591 Redwood Hwy Frontage Rd
Mill Valley, CA 94941
(415) 384-8274
Civil Litigation & Trial Law Attorneys
French, Pete
1380 A St
Hayward, CA 94541
(510) 889-8248
Attorneys,  Personal Injury Law Attorneys,  Litigation & Tort Attorneys,  Criminal Law Attorneys,  G
Centro De Inmigracion
10507 Main St
Lamont, CA 93241
(661) 845-8126
Immigration Law Attorneys, Immigration & Naturalization Consultants, Attorneys
Gary Till and Burlingham
5330 Madison Ave
Sacramento, CA 95841
(916) 332-8122
Attorneys,  Probate Law Attorneys,  Wills, Trusts & Estate Planning Attorneys,  Estate Planning Att
Leland Judith S Former SSI Judge
8345 Firestone Blvd
Downey, CA 90241
(800) 772-8118
Attorneys,  Administrative & Governmental Law Attorneys,  Social Security Services,  Social Security
Divorce Self Help Legal Centers
9461 Grossmont Summit Dr
La Mesa, CA 91941
(619) 461-8111
Divorce Assistance, Attorneys, Family Law Attorneys, General Practice Attorneys, Legal Service Plans
Ibanez Leon
4602 Eagle Rock Blvd
Los Angeles, CA 90041
(323) 259-8029
Attorneys, Legal Service Plans
Prince Law & Mediation
775 E Blithedale Ave # 130
Mill Valley, CA 94941
(415) 383-8001
Arbitration Services,  Attorneys,  Mediation Services,  Legal Service Plans
Aladdin Bail Bonds
812 3rd St Suite A
Hayward, CA 94541
(877) 765-7888
Bail Bonds, Criminal Law Attorneys, Bail Bond Referral Service, DUI & DWI Attorneys
Albert D'antin
158 N Glendora Ave
Glendora, CA 91741
(626) 852-7876
Attorneys, Legal Service Plans
Vasquez Services
1372 A St
Hayward, CA 94541
(510) 889-7860
Paralegals
Newparentcoaching.Com
1011 Trillium Ln
Mill Valley, CA 94941
(415) 328-7823
Adoption Law Attorneys, Legal Clinics
Skvarna Victor P
158 S Glendora Ave
Glendora, CA 91741
(626) 852-7671
General Practice Attorneys, Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US