LLC’s (includes obtaining EIN)

A Limited Liability Company (LLC) combines the tax flexibility of a partnership with the personal liability protection of a corporation. LLC formation can help you separate yourself from your business, protecting your personal assets in the evnt of a judgement against the company.

This business structure has many advantages, including:

  • Owners have limited liability from business debts and obligations.
  • Owners can report their share of profit and loss on their individual tax returns without filing a separate corporate tax return.
  • Owners do not need to be U.S. citizens or permanent residents.
  • LLCs do not need to hold annual meetings or record meeting minutes (though we recommend it).
  • LLCs can be owned by individuals or other companies.
  • LLCs do not have the same corporate formailities  as a corporation.

Let Easy Paralegal Services help you start up your LLC.

 

 

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