One tax advantage of an LLC is that members are able to decide how they are taxed, since an LLC isn't classified as a separate entity, says Christina Dixon of RocketLawyer. A disadvantage is that members pay self-employment tax if they decide not to file as a corporation.
The primary advantages of an LLC, or Limited Liability Company, revolve around its liability protections, flexible profit sharing and marginal record keeping relative to other business formations. Also, the personal assets of LLC members are not subject to the actions or business decisions of the LL
Computers are a wonderful, modern convenience. They make writing easier, banking more convenient and schools, offices and factories more efficient. There are, however, disadvantages to using computers, such as loss of jobs, academic dishonesty, theft and invasion of privacy.
The advantages of accounting include evaluating an entity's financial performance, tracking its progress and reporting the figures to its stakeholders. Disadvantages of accounting include complex rules and sometimes arbitrary or conflicting accounting standards. Regardless of its pros and cons, acco
The primary advantage of specialization is that a business or worker can build a reputation for expertise in a given area. A major drawback is that specialization limits opportunities to develop in other areas, which is challenging when demand for the specialization wanes.
The biggest advantages to having an email address are the ability to receive information quickly and that emails do not use paper. The disadvantages of email are that emails are an easy way to spread viruses and open the door to receiving spam.
Licensing establishes businesses and individuals as reliable and trustworthy but leaves them subject to regulations and with little control over markets and even personal conduct. Licenses afford businesses and individuals some degree of legal protection by ensuring that their ideas and products are
Advantages of boxing include stress relief and an improved self-image, while the main disadvantage is a potentially higher risk of brain damage. It is thought that heavy blows inflicted upon the head and brain could be a precursor to certain diseases.
According to Use of Technology, the advantages of technology include access to information, improved communication, improved entertainment, educational convenience, social networking and advancements within various industries. Disadvantages of technology include increased loneliness, potential addic
Mining gives people a portion of the resources needed for modern civilization, but it can also lead to environmental harm. While some are in favor of mining due to the resources it produces and the jobs it provides in the U.S., some are opposed to mining based on opposition to destructive mining pra