The following is our unbiased guide (we offer this free information, but do not provide formation service, just a few ads on this page ) to LLC formation. If you want to learn what an LLC is, read LLCs - Definition and Explanation first.
Or if you are ready to check out a great book on [...]
First, a definition. An LLC is a statutorily created form of business entity that combine features of both partnerships and corporations. For more information on the differences between these business entities, please read: Corporation vs. LLC vs. Partnership.
Now, on to LLC Tax Advantages
LLC Tax Advantage: Pass-Through Taxation
LLC’s enjoy pass-through taxation. Here’s how it works: C [...]
“Faithfulness to the formalities is the price paid to the corporation fiction, a relatively small price to pay for limited liability .” -as quoted by the court in Labadie Coal Co. v. Black
Liability protection for LLC and corporation owners is not absolute. In a legal sense, corporations and LLCs are legal entities separate [...]
The most common forms of business enterprises in use in the United States are the sole proprietorship, general partnership, limited liability company (LLC), and corporation. Each form has advantages and disadvantages in complexity, ease of setup, cost, liability protection, periodic reporting requirements, operating complexity, and taxation. Also, some business forms have subclasses, such as the [...]
How to Effectively Manage Your Corporation or LLC (Limited Liability Company) to Maximize Your Personal Liability Protection
The most notable feature of corporations is that a corporation’s shareholders are protected from personal liability for the company’s debts and obligations. This is a valuable tool for businesspersons. In fact, the corporation developed historically as a [...]
LearnAboutLaw Staff July 2007
Owners of businesses often inquire as to whether organizing as an LLC offers any tax benefits. The following are some ideas on how an LLC can be organized in a manner that gives a net tax savings. As with any taxation or legal issue, you should seek professional guidance before putting [...]
Wyoming LLC - WY Limited Liability Company - LLC in Wyoming
The following table sets forth a comprehensive summary of this state’s LLC laws, filing requirements, taxation and more.
Keep in mind though, that the information in this table is subject to the whim of each state’s lawmakers, so the information is constantly changing. [...]
West Virginia LLC - WV Limited Liability Company - LLC in West Virginia
The following table sets forth a comprehensive summary of this state’s LLC laws, filing requirements, taxation and more.
Keep in mind though, that the information in this table is subject to the whim of each state’s lawmakers, so the information is [...]
Virginia LLC - VA Limited Liability Company - LLC in Virginia
The following table sets forth a comprehensive summary of this state’s LLC laws, filing requirements, taxation and more.
Keep in mind though, that the information in this table is subject to the whim of each state’s lawmakers, so the information is constantly [...]
Vermont LLC - VT Limited Liability Company - LLC in Vermont
The following table sets forth a comprehensive summary of Vermont’s LLC laws, filing requirements, taxation and more.
Keep in mind though, that the information in this table is subject to the whim of each state’s lawmakers, so the information is constantly changing.
It’s [...]
Utah LLC - UT Limited Liability Company - LLC in Utah
The following table sets forth a comprehensive summary of this state’s LLC laws, filing requirements, taxation and more.
Keep in mind though, that the information in this table is subject to the whim of each state’s lawmakers, so the information is constantly changing. [...]
South Dakota LLC - SD Limited Liability Company - LLC in South Dakota
The following table sets forth a comprehensive summary of this state’s LLC laws, filing requirements, taxation and more.
Keep in mind though, that the information in this table is subject to the whim of each state’s lawmakers, so the information is constantly [...]
South Carolina LLC - SC Limited Liability Company - LLC in South Carolina
The following table sets forth a comprehensive summary of this state’s LLC laws, filing requirements, taxation and more.
Keep in mind though, that the information in this table is subject to the whim of each state’s lawmakers, so the information is constantly [...]
Rhode Island LLC - Rhode Island Limited Liability Company - LLC in Rhode Island
The following table sets forth a comprehensive summary of this state’s LLC laws, filing requirements, taxation and more.
Keep in mind though, that the information in this table is subject to the whim of each state’s lawmakers, so the information [...]
Professional Corporation and Professional Limited Liability Company Basics
Professional corporations (PCs) and professional limited liability companies (PLLCs) are corporations and limited liability companies organized for the purpose of providing professional services. What services constitute professional services are defined by state law. Typically professions that require a license, such as doctors, lawyers, accountants, architects, [...]