Category Archives: LLC Info

C-Corporations are the oldest and probably most common type of large domestic company. Many product and services that people come across daily are provided by corporations. And while Limited Liability Companies are a newer entity type than C-Corporations, they offer … Continue reading →

For many businesspeople, the choice of “business entity” comes down to a choice between the Limited Liability Company (LLC) and S-Corporation. While quite similar in many respects, LLC’s and S-Corporations both have advantages over one another. For example, while LLCs … Continue reading →

Even though it is not legally required by most states (New York is an exception), having an operating agreement for your LLC is a smart move – and not having one can be dangerous for both you and your business. … Continue reading →

A Limited Liability Company is a business structure formed loosely on a German style of business called GmbH (legal abbreviation) and literally means limited liability. The concept spread throughout Central Europe and in 1997 the first LLC was shaped in … Continue reading →

The need for compliance with government requirements only gets more important after forming a corporation or LLC. Very often the corporation or LLC was set up in the first place to help protect personal assets and provide tax-deductible benefits for … Continue reading →