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So what exactly is the deal with Delaware limited liability
companies? Put that particular combination of words into a
search engine, even using the advanced search capability of
searching for those words in that order, brings up an amazing
number of hits? What are they and why are they popular?
Delaware limited liability companies are one of those kicky
little legal tangos that America is famous for.
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"S Corporation or LLC?" is a common question for new business
owners. I have several people call me each week asking this.
I always tell them the question is impossible to answer. And
here's why. An LLC is chameleon for income tax purposes.
Therefore, an LLC can be anything the owner or owners (who are
called members) want the LLC to be--including an S corporation.
An LLC
Read more . . .
There are several advantages to establishing a limited liability
company and many of these compensations revolve around the tax
advantages. A limited liability company if often sought as a
third alternative to forming a corporation or a partnership.
Many corporations are formed because they offer attractive
limits on the personal liability that the business may suffer
due to debts or liabilities. Partnerships don't offer the same
kind of
Read more . . .
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