TopConsumerReviews.com Best Company Incorporation
      September 22, 2018

Home  >  Company Incorporation  >  Articles

Best Company

Incorporation

  1. Rocket Lawyer
  2. Corp Net
  3. My Company Works
  4. Legal Zoom
  5. My Corporation
  6. Harbor Compliance
  7. Biz Filings
  8. Incorporate
  9. Corporate Creations
  10. Find Legal Forms

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!
  • Compare

Your Information Is Secure
Online Legal Protection For Your Business Newsletter

Latest Reviews

Acne Products

Coffee Clubs

Company Incorporation

CPA Exam Reviews

Credit Repair Companies

Dog DNA Testing

LLC Formation

Meal Delivery Programs

People Search

Pet Insurance

Wholesale Dropshippers

 

Related Articles

What are the Main Differences between an LLC and an S-Corp?

What Is a C-Corporation?

What Is an LLC?

What Is an S-Corp?

Which Type of Company Incorporation is Right for You?

 

Top Consumer Reviews Articles

TopConsumerReviews.com provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

What Is An LLC?

When you first come up with the idea of a business, it’s the most tempting thing in the world to jump right in and get started. But the realities of taxation and federal and state regulations are best faced during the planning stages of a new venture. For small business owners, the legal structure of the concern can affect taxation on both a federal and state level – as well as a host of other legal and financial matters. Among the choices in structure are sole proprietorship, limited liability corporation (LLC), S-corporation, and partnership. Of these, the LLC is prized by some but often misunderstood.

What is an LLC? An LLC is a legal entity separate from any of the individuals involved in ownership of the venture. Among the primary attractions of this structure is that no owner – or member, as defined in this structure – is individually liable for the debts or obligations of the business. This factor may not seem relevant when sales are booming and the business is flush. But during times of economic distress, if the business falls on hard times, it can save you the inconvenience of sleepless nights.

Commonly, the LLC structure is applied to partnerships and other businesses with a small number of owners. But sole proprietors too can take advantage of its benefits.

Taxation
The federal government taxes LLCs in one of two ways: As a pass-through entity or as a corporation. When an LLC is taxed as a pass-through, the profits go to the owners. The owners in turn pay taxes on those profits when they file their individual tax returns.

Formation
Each state treats the LLC structure differently. Generally, it is simplest to form an LLC in the state in which you do business. However, if you prefer, you can form an LLC in a different state. You must become familiar with the regulations of the state you choose to avoid running afoul of any rules. Some owners choose to form an LLC is a state different from their own – a foreign state – because their native state levies high taxes.

Registered Agent
A registered agent is a person or company on whom notice must be served in case of a lawsuit. It’s no fun thinking about potential legal action even before your business is off the ground, but when you form an LLC, you have to name a registered agent. You can choose an owner or manager of the LLC. But naming an independent party or even another company can lend peace of mind. In fact, any adult who lives in the state where the LLC is formed and who has a street address -- rather than a post office box -- can serve as your registered agent. Of course, you want to select a registered agent who is responsible and trustworthy.

Management
The LLC members may choose to manage the entity for themselves. If your members are scattered about the United States, however, it might be prudent to hire a manager. Of course, no matter what your choice, regular communication with the manager is essential to successful business operation.

An LLC is a business structure that may offer tax advantages. Consult your accountant and/or tax professional and consider carefully when deciding whether to form an LLC.

Telltale Games Hit With Layoffs, Majority Closure (UPDATED)

Telltale Games has been a mainstay of the narrative-driven gaming landscape ever since its 2004 incorporation by former LucasArts developers. Known for its smart, episodic adventures based on ...

Published:  Fri, 21 Sep 2018 16:01:00 GMT



CLPS Incorporation to Announce Fiscal Fourth Quarter and Full Year 2018 Financial Results

SHANGHAI, Sept. 20, 2018 /PRNewswire/ -- CLPS Incorporation (Nasdaq: CLPS) ("CLPS" or "the Company"), a leading information technology consulting and solutions service provider focusing on the ...

Published:  Thu, 20 Sep 2018 07:15:00 GMT



Cosmetics Market is Anticipated to Grow USD$ 390 Billion Globally by 2023

Key players profiled in the report include L'Oreal, Avon Incorporation, Procter and Gamble (P&G), Unilever, Oriflame, Revlon, Incorporation, Kao Corporation, Estee Lauder Companies Incorporation, Shis...

Published:  Sat, 22 Sep 2018 03:26:00 GMT



15 migrants arrested secondary to sweep

Officials spoke in general terms about the incorporation of immigration authorities with the drug investigation, which commenced in July and came to a head this week, resulting in 1,260 total arrests ...

Published:  Sat, 22 Sep 2018 01:06:00 GMT



Simplex Castings Ltd. - Intimation Of Incorporation Of Wholly Owned Subsidiary Company

We wish to inform you that the Company has incorporated an wholly owned subsidiary Company Simplex Castings International Pte. Ltd. at Singapore on 12th September, 2018. The details as required under ...

Published:  Thu, 13 Sep 2018 06:37:00 GMT



New Incorporation St Peter & St Paul Benevolent Society - Valentine Haremski

H. L. Worthington. W. W. P. Ketcham. Escanaba: L. B. Shepard. Ford River; Pier: Carrier. Frankfort: Kate Dar ley. Alpena. THE COURTS. Court of Illinois. Is.iSPecial.)--The proceedings Court today were ...

Published:  Sun, 16 Sep 2018 09:19:00 GMT



UNGA and Zim's international incorporation

The inauguration of President Emmerson Mnangagwa that came through the birth of the second republic, brought in the dawn of a new era as his main message has been centred on re-engagement and ...

Published:  Thu, 20 Sep 2018 03:55:00 GMT



Chegg, Inc. (NYSE:CHGG) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

Item 5.03Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. (a)On July30, 2018, the Board of Directors (the "Board" ) of Chegg, Inc. ("Chegg" ) determined it was in ...

Published:  Fri, 21 Sep 2018 00:02:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure