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 Saint Charles, MO

Structural Advantages of a Limited Liability Company (LLC) in Saint Charles, MO


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 MO 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 MO 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 Saint Charles, MO
Alessi Deborah J
400 N 5th St Ste 200
Saint Charles, MO 63301
(636) 946-9999
Attorneys,  Criminal Law Attorneys,  Family Law Attorneys,  Labor & Employment Law Attorneys,  Socia
Shea Kohl & Alessi LC
400 N 5th St
Saint Charles, MO 63301
(636) 946-9999
Attorneys,  Social Security & Disability Law Attorneys,  DUI & DWI Attorneys,  Corporation & Partner
Burrows & Stork,
1197 S Duchesne Dr
Saint Charles, MO 63301
(636) 232-9700
Attorneys, Criminal Law Attorneys, Family Law Attorneys, Wills, Trusts & Estate Planning Attorneys,
Mark A. Tolman, P.C.
566 First Capitol Drive
Saint Charles, MO 63301
(314) 456-9632
Family Law Attorneys,  Divorce Attorneys,  DUI & DWI Attorneys,  Child Custody Attorneys,  Bankruptc
Edwards Young & Beilenson LLP
228 N Main St
Saint Charles, MO 63301
(636) 896-9600
General Practice Attorneys, Attorneys, Legal Service Plans
Hoss Law Center
17 Hawks Nest Plz
Saint Charles, MO 63303
(636) 947-9500
General Practice Attorneys, Attorneys, Legal Service Plans
The Taylor Law Firm
400 N 5th St # 201
Saint Charles, MO 63301
(636) 493-9309
Attorneys,  Bankruptcy Services,  Family Law Attorneys,  Corporation & Partnership Law Attorneys,  G
The Zimmerman Law Firm
2850 W Clay St Ste 220
Saint Charles, MO 63301
(636) 493-9309
Bankruptcy Law Attorneys,  Attorneys,  Family Law Attorneys,  Legal Service Plans
Magruder, Rebecca T
118 N 2nd St
Saint Charles, MO 63301
(636) 947-9273
Divorce Assistance,  Attorneys,  Arbitration & Mediation Attorneys,  Family Law Attorneys,  Mediatio
Byrnes & Boehmer Law Firm
1603 Boones Lick Rd
Saint Charles, MO 63301
(636) 949-9000
General Practice Attorneys,  Attorneys,  Legal Service Plans,  Criminal Law Attorneys,  Family Law A
Ahlheim & Dorsey
2209 1st Capitol Dr
Saint Charles, MO 63301
(636) 940-8000
General Practice Attorneys, Attorneys
Gerhardt Henry
721 S 5th St
Saint Charles, MO 63301
(636) 946-7900
Attorneys, Family Law Attorneys, General Practice Attorneys, Legal Service Plans
Beck Elder Law Firm
2777 W Clay St
Saint Charles, MO 63301
(636) 946-7899
Estate Planning Attorneys, Attorneys, General Practice Attorneys
Kielty Michael
60 Hill Pointe Ct # 202
Saint Charles, MO 63303
(636) 940-7771
Criminal Law Attorneys, Attorneys, Legal Service Plans
Strobing Robert
123 N Main St # 201
Saint Charles, MO 63301
(636) 970-7770
General Practice Attorneys, Attorneys, Legal Service Plans
Turken And Porzenski
320 N 5th St
Saint Charles, MO 63301
(636) 940-7500
Family Law Attorneys, Attorneys, Legal Service Plans
Palumbo & Schroeder
2270 Bluestone Dr
Saint Charles, MO 63303
(636) 947-7412
General Practice Attorneys, Attorneys, Legal Service Plans
Julie C Taylor
400 N 5th St
Saint Charles, MO 63301
(636) 947-7100
Bankruptcy Law Attorneys,  Attorneys,  Banking & Mortgage Law Attorneys,  Real Estate Attorneys
Charles W Taylor
400 N 5th St
Saint Charles, MO 63301
(636) 947-7100
Divorce Attorneys,  Divorce Assistance,  Bankruptcy Law Attorneys,  Attorneys,  Criminal Law Attorne
The Taylor Law Firm, P.C.
400 N 5th St,Ste 110
Saint Charles, MO 63301
(636) 947-7100
Adoption Law Attorneys,  Attorneys,  Family Law Attorneys,  Bankruptcy Law Attorneys
Kasper Law Firm
3930 S Old Highway 94
Saint Charles, MO 63304
(636) 922-7100
Attorneys,  Personal Injury Law Attorneys,  General Practice Attorneys,  Discrimination & Civil Righ
Cox, Ryan R and Associates
320 N 5th St
Saint Charles, MO 63301
(636) 946-6886
Attorneys,  Legal Service Plans,  Personal Injury Law Attorneys,  Accident & Property Damage Attorne
Ryterski Louise Law Office
912 S 5th St
Saint Charles, MO 63301
(636) 477-6400
General Practice Attorneys, Attorneys, Legal Service Plans
Clark Martha M
2460 Executive Dr #110
Saint Charles, MO 63303
(636) 922-5529
Adoption Law Attorneys,  Bankruptcy Law Attorneys,  Child Custody Attorneys,  Divorce Attorneys,  DU
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US