Business Incorporation: Limited Liability Corporation

         Another option when making the decision to incorporate is to choose to create a Limited Liability Corporation (LLC). In this situation, the owners become members and having many of the same benefits that an S-Corp or C-Corp would have. In addition, there is the flexibility of applying the profits and losses to individual members. That tax information would then be put on the individual Tax Return. There are typically no ownership restrictions, and management structuring is not as rigid.

          However, there are still continual requirement that must be met each year to keep the LLC legal. This would include annual reports and fees. Some research must be done at the state level first to make sure that an LLC is allowable. This can be a good choice depending on your circumstance. Our Incorporation Services can show you the facts and help you make an informed choice.

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