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www.reference.com/article/advantages-llc-796e7f15a0bf3746

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

www.reference.com/article/tax-advantages-disadvantages-llc-9cb756059fba5372

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.

www.reference.com/article/tax-benefits-llc-business-4aed43ad6db0e3f1

Tax benefits of an LLC include pass-through taxation, which avoids double taxation of corporate profits, a choice on how to be taxed, and deduction of business expenses, according to the Houston Chronicle. Profits for LLCs are generally reported on each member's personal tax return and are subject t

www.reference.com/article/llc-29a206db9ab151c5

LLC stands for limited liability company, a type of formal business structure. LLCs blend the advantages of a corporation with those of partnerships. An individual can set up an LLC, as can two or more partners. Forming an LLC avoids the personal financial liability of a sole proprietorship.

www.reference.com/article/create-llc-8b78140bc29caabe

A limited liability company is formed by registering the business with a state agency through the filing of articles of organization. Each state details the information that must be included in the document before it can be accepted by the registering agency, as explained by the U.S. Small Business

www.reference.com/article/llc-43a7f20c3f51fb9b

Forming an LLC is usually done through the secretary of state's office of your state by filing the required documents, filling out the state forms and paying the required fees and taxes. In some states, the party listed as a member of the LLC must publish a notice in the newspaper.

www.reference.com/article/start-llc-4a01ffcb905d118b

Starting a limited liability company requires a business owner to draft and file articles of organization with a state agency, according to the U.S. Small Business Administration. Preparing the articles of organization requires the owner to select a unique name for the company and arrange for a busi

www.reference.com/article/llc-business-b76320c8f5cec806

An LLC, or limited liability company, is a cross between a limited company and a partnership. It allows the business to practice as a limited company, but with the same tax benefits and flexibility as a partnership.

www.reference.com/article/llc-formed-ce3006279107af26

In order to form a limited liability company, or LLC, the owners must choose a unique business name, file the articles of organization, create an operating agreement and obtain all applicable licenses and permits. Two other steps may be required: if employees will be hired, the business owners must

www.reference.com/article/would-need-form-llc-9958784ecfb83b11

Forming a limited liability company is a good option for a businessperson who is worried about being sued, has an online business or wants to keep his personal finances separate from his business finances. LLCs can also be a good option for heavily invested non-businesspeople who desire the financia