LLC Benefits

Forming an LLC provides the following benefits 1. Limited liability protection. Owners are safeguarded from personal liability for business debts and liabilities. 2. Pass-through taxation. The business’s profit and losses are reported on the owner’s personal tax returns, avoiding double taxation. 3. Fewer compliance requirements. LLCs face fewer formalities and ongoing obligations compared to other business structures. 4. Separate legal entity. The LLC is legally separate from its owners, protecting their personal finances and assets. 5. Enhanced credibility. Having an LLC demonstrates that the business is a legitimate and professional entity. 6. Privacy. LLC owners can maintain privacy as their names are not required to be publicly disclosed. 7. Qualify for business loans. LLCs can access business loans, aiding in their growth and expansion.

Existing Clients

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Manager Managed

  1. Popular where 1 or more of the owners will act as “Passive” investors
  2. Some owners may be “Passive” while others may be designated as “Managers”
  3. Some owners may be designated as Managers, some “non-owners” may be designated as managers, or any combination thereof may be designated.

Member Managed

  1. The most popular structure for LLCs with 1 or more owners.
  2. ALL Owners have control over the daily operations of the business.
  3. The owners have authority to bind the LLC by signing for a loan, negotiating and executing contracts, and managing other daily operations of the business.