Ads
related to: are llcs sole proprietorships- What Is An LLC?
Everything You Need To Know About
LLCs, From Formation To Costs.
- 3 Steps To An LLC
Learn 3 Simple Steps To Form
An LLC.
- Operating Agreement
File An Operating Agreement With
Us Today For A New Or Existing LLC.
- Forming An LLC: Basics
What You Need To Know About Forming
An LLC For Your New Business.
- Do You Need An LLC?
Every Business Is Different. Find
Out If An LLC Is Right For You.
- Is An LLC Right For Me?
An LLC Isn't One Size Fits All. See
If It's Right For Your Business.
- What Is An LLC?
Search results
Results From The WOW.Com Content Network
LLC stands for "limited liability company," which is a business structure that combines the pass-through taxation of a sole protectorship with the limited liability of a corporation.
A limited liability company (LLC) is the United States-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. [1]
For tax purposes, LLCs are largely pass-through entities like sole proprietorships. You won’t face corporate taxation. Forming a corporation is typically more expensive and takes more work.
These include corporations, cooperatives, partnerships, sole traders, limited liability companies and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province. Some of these types are listed below, by country.
However, if one is the sole member of a domestic limited liability company (LLC), one is not a sole proprietor if one elects to treat the LLC as a corporation. [5] In the United States, sole proprietors "must report all business income or losses on [their] personal income tax return; the business itself is not taxed separately.
Pass-through entities: Owners of pass-through entities like sole proprietorships, partnerships, and LLCs (if taxed as a sole proprietorship or partnership) typically pay themselves through owner ...
Ad
related to: are llcs sole proprietorships