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LLC

LLC

September 8, 2009 | FAQs

How do I choose between an S Corporation and a Limited Liability Company?

In general, consider the following guidelines:

  1. If you are the only owner, strongly consider a single member LLC because the entity can be formed by filing a one-page form, there are...
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September 8, 2009 | FAQs

What is a Limited Liability Partnership?

Many people confuse Limited Liability Partnerships with Limited Liability Companies. A Limited Liability Partnership is a special entity that is only for law firms and accounting firms.

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September 8, 2009 | FAQs

What is the difference between an S Corporation and a Limited Liability Company (LLC)?

A subchapter S election with the IRS turns a qualifying corporation (subchapter C Corporation) into a pass-through entity, which means that the corporation pays no federal corporate income tax....

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