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Why you should get an LLC?
Asked by unknown
1 Answers
Like corporations, LLCs provide their members protection from liability. This means that members are not personally liable for debts and often court judgments incurred by the LLC. Creditors are foreclosed from seeking the personal assets of the LLCs members.
Which is better an LLC or S Corp?
Asked by unknown
1 Answers
Both are typically pass-through tax entities, and while S corps must file a business tax return, LLCs only file business tax returns if the LLC has more than one owner. With pass-through taxation, no income taxes are paid at the business level. Business profit or loss is passed-through to owners' personal tax returns.
How much does it cost to set up an LLC?
Asked by unknown
1 Answers
Filing Assistance. There are a large number of online services that will assist you with the LLC setup process. Fees for these services vary, starting at around $50 plus the filing fee, depending on the level of service that you require. Extras such as rush processing will cost more.