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LLC INCORPORATION TAX ID (EIN) STARTING A BUSINESS ENTITY SOLE PROPRIETORSHIP INVESTING Referral Program Incorporation LLC Sole Proprietorship About Contact Us

The LLC (Limited Liability Company)  type of business organization is the best entity type for a company that is just beginning, because it affords all the benefits of a corporation with none of the heavy lifting.  With an LLC like a corporation, you are shielded from being taxed on your personal income and property. Unlike a corporation you are not required to have board meeting and minutes that get audited at the end of your fiscal year.

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Quickly becoming the most popular way to start a small business, LLCs offer the same personal liability protection as a corporation, but with great tax and management flexibility.

LLC

Corporations offer personal liability protection, tax savings, and increased opportunities for raising capital. Corporations are also required to perform certain formalities:holding annual meetings and keeping detailed records (minutes)

C Corporation

Providing many of the same benefits of a traditional C Corporation, an S Corporation provides both personal liability protection with the added flexibility of pass through taxation, avoiding double taxation of a traditional C Corporation.

Although the simplest form of business, sole proprietorships are not considered a separate legal entity and do not offer owners limited liability protection. If you intend to do business under a name other than a legal name, you will need to file a DBA.

S Corporation

Sole Proprietorship

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