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Features of an LLC
- It is an
unincorporated business entity that shares some of the
aspects of S Corporations and limited partnerships, and
yet has more flexibility than these more traditional
business entities.
- They are formed
by filing Articles
of Organization with the proper state
authorities.
- An LLC with two
or more members can choose the pass-through taxation of
partnership or elect to be taxed as a corporation.
- The members
(owners) of an LLC, like the shareholders of a
corporation, are personally liable for the debts and
liabilities of the LLC only to the extent of their
capital contribution.
- The members may
manage it themselves or choose to appoint managers and
delegate management of the LLC to them.
- As in a
partnership, the members decide how to allocate the
income and losses, and thus, the tax liability, among
themselves.
- Don't miss out on the advantages of LLC
status simply because an attorney charges too much. Let
us set up your LLC for a small fraction of the price.
- Formation is easy with our secure, online order forms
which require little or no processing of paperwork on your
part.
- How you set up your business should make
it easier to achieve your goals, lower your taxes, and
limit your liability.
- Whether your Midwestern or
Southwestern business
is just getting started, or it is time to reorganize an
ongoing operation, we can help you establish an LLC
online now.
   
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Business Formation Services available in
Arizona, Illinois, Indiana, Iowa, Kansas, Michigan,
Minnesota, Missouri, Nebraska, North Dakota, Ohio, Oklahoma,
South Dakota, Texas, and Wisconsin
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Disclaimer - Not Providing Legal Services - Proactive Management, Inc.
presents the material on this site as general information
only. It is not offered as and does not constitute legal
advice or legal opinion and should not serve as a substitute
for advice from an attorney or accountant familiar with the
facts of your specific situation. We provide business
formation services. We are not a law firm and do not provide
legal or tax advice or services. We make no warranty,
express or implied concerning the accuracy or reliability of
the content at this site or at other sites to which we
link.
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