| Benefits of forming a LLC Click here to begin the process A Limited Liability Company has the advantage of being a hybrid between a partnership and a Corporation. The advantage of a Limited Liability Company is that most states require fewer formalities be observed in an LLC in comparison to a corporation. Advantages of an LLC Limited Liability. Like the shareholders of a corporation, the owners (called “members”) of an LLC have limited liability for business debts. If the LLC is properly structured and managed, the owners’ personal assets will be protected from lawsuits against the business. Pass-Through Taxation. If an LLC has only one owner, the Internal Revenue Service will automatically treat the LLC as a sole proprietor. Similarly, an LLC with multiple owners will by default be taxed as a partnership. Owners report their share of profit and loss in an LLC on their personal tax returns, and no separate tax is assessed on the company itself. Note: If you want your LLC to be treated as a corporation that has to file its own corporate tax return, we can tell you how to file papers with the IRS to make it happen. Management Flexibility. LLCs have much more management flexibility than corporations. Unlike the case of a general or "C" corporation, the owners of an LLC are not required to be U.S. citizens or permanent residents. Also, an LLC may be managed either directly by its owners or by a manager who is hired to run the business. Finally, unlike an “S” corporation (which is limited to 100 owners), an LLC may have an unlimited number of owners. Simple Recordkeeping. Unlike corporations, LLCs are not required to hold an annual meeting and draft meeting minutes. Note, however, that an LLC does need an operating agreement that will specify how and by whom the company will be managed. LLC.com can assist customers in writing up their operating agreements. Deductible Expenses. Similar to a corporation, normal business expenses like an owner’s salary may be deducted from the profits of an LLC before the LLC’s income is allocated to its owners. Flexible Profit & Loss Allocations. Unlike a corporation, a n LLC is not required to allocate profit and loss in proportion to ownership interest. This means that the owners of an LLC can agree to allocate the company’s profits and losses among themselves however they see fit and not necessarily based on what percentage of the company each owner controls. Nationally Recognized. The LLC is now a recognized business structure in all 50 states and the District of Columbia. We'll handle the entire process for $250.00 Click here to begin the process |
| B and B Spider Webs L. L. C. Let us get you on the web...inexpensively! |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| Other Services |
| Design & Consulting Logo Design |