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 Branch, LA

Structural Advantages of a Limited Liability Company (LLC) in Branch, LA


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 LA 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 LA 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 Branch, LA
Slocum Laura G /Atty
3888 S Sherwood Forest Blvd
Baton Rouge, LA 70816
(225) 291-9919
Attorneys
Thomas Vernon P
1524 N Claiborne Ave
New Orleans, LA 70116
(504) 944-9703
Wills, Trusts & Estate Planning Attorneys,  Attorneys,  Personal Injury Law Attorneys,  Family Law
Koles III Frank L
11919 Bricksome Ave
Baton Rouge, LA 70816
(225) 291-9398
Attorneys, Legal Service Plans
Liskow & Lewis
1 American Way
Baton Rouge, LA 70816
(225) 343-9369
Attorneys
Bardwell Stanford O Jr Atty & Counselor at Law
10988 N Harrells Ferry Rd
Baton Rouge, LA 70816
(225) 273-9332
Attorneys, Wills, Trusts & Estate Planning Attorneys
Grace, Michael A Jr
4000 S Sherwood Forest Blvd
Baton Rouge, LA 70816
(225) 292-9130
Attorneys, Real Estate Attorneys, Legal Service Plans
Commerce Title
4000 S Sherwood Forest Blvd
Baton Rouge, LA 70816
(225) 292-9130
Title Companies,  Attorneys,  Insurance,  Real Estate Attorneys
Vasquez Martha W
4000 S Sherwood Forest Blvd # 301
Baton Rouge, LA 70816
(225) 292-9130
Real Estate Attorneys, Attorneys, Legal Service Plans
Mcglinchey Stafford P
1 American Way
Baton Rouge, LA 70816
(225) 383-9000
General Practice Attorneys, Legal Service Plans, Attorneys
Chesnut Stephen N
1413 Chartres St # A
New Orleans, LA 70116
(504) 945-9000
Attorneys,  Labor & Employment Law Attorneys,  Immigration Law Attorneys,  Corporation & Partnership
Gulf Coast Regional Center
1804 Oreilly St
New Orleans, LA 70116
(504) 606-8633
Immigration Law Attorneys, Attorneys, Immigration & Naturalization Consultants
Whitehead Jr, Jack K - Whitehead Law Firm
11909 Bricksome Ave # W3
Baton Rouge, LA 70816
(225) 303-8600
Attorneys, Legal Service Plans
Andress J David
5841 S Sherwood Forest Blvd Su
Baton Rouge, LA 70816
(225) 771-8220
Bankruptcy Law Attorneys, Attorneys, Legal Service Plans
Bennett Lane N
11851 Wentling Ave
Baton Rouge, LA 70816
(225) 292-8207
Attorneys, Legal Service Plans
Hartdegen Tim P
10602 Coursey Blvd
Baton Rouge, LA 70816
(225) 298-8118
General Practice Attorneys, Attorneys
Davis, Michael Reese
10602 Coursey Blvd
Baton Rouge, LA 70816
(225) 298-8118
Criminal Law Attorneys, Attorneys, Legal Service Plans
Hymel, L J Jr
10602 Coursey Blvd
Baton Rouge, LA 70816
(225) 298-8118
Criminal Law Attorneys, Attorneys, Legal Service Plans
Jarreau Jessica C
10602 Coursey Blvd
Baton Rouge, LA 70816
(225) 298-8118
Attorneys
Petersen, Glen R
10602 Coursey Blvd
Baton Rouge, LA 70816
(225) 298-8118
Criminal Law Attorneys, Attorneys
London John
10988 N Harrells Ferry Rd
Baton Rouge, LA 70816
(225) 275-8100
Attorneys, General Practice Attorneys
the Bopp Law Corporation
1210 Decatur St
New Orleans, LA 70116
(504) 412-8073
Attorneys,  Accident & Property Damage Attorneys,  General Practice Attorneys,  Legal Service Plans
Dale Maas Pro Law Corp
11777 Justice Ave
Baton Rouge, LA 70816
(225) 292-8034
Insurance Attorneys, Attorneys, Business Law Attorneys
Maas Dale M APLC
11777 Justice Ave
Baton Rouge, LA 70816
(225) 292-8034
General Practice Attorneys,  Personal Injury Law Attorneys,  Attorneys,  Real Estate Attorneys,  Est
Moses Law Firm
14635 S Harrells Ferry Rd Ste 1B
Baton Rouge, LA 70816
(225) 778-7942
General Practice Attorneys, Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US