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$500.00
Number of USA LLC
A Limited Liability Company (LLC) is a popular business structure in the United States that provides flexibility in management, protection from personal liability, and benefits of both a corporation and a partnership. An LLC is a hybrid entity that combines the liability protection of a corporation with the tax advantages and operational flexibility of a partnership.Key Features of an LLCLimited Liability Protection 🛡️One of the main advantages of an LLC is limited liability protection, meaning that owners (called members) are generally not personally responsible for the business's debts or liabilities. This means that in the event of a lawsuit or debt, your personal assets (like your home, car, or savings) are protected.Flexibility in Ownership and Management ⚙️Ownership: An LLC can be owned by one or more individuals or entities. This means that a single person can start an LLC (called a Single-Member LLC), or multiple people can co-own an LLC (called a Multi-Member LLC).Management: LLCs offer flexibility in management. The business can either be member-managed, where the owners run the day-to-day operations, or manager-managed, where managers (who may or may not be owners) handle operations.Pass-Through Taxation 💵An LLC typically enjoys pass-through taxation, meaning the LLC itself is not taxed directly. Instead, profits and losses are passed through to the members, who report them on their personal tax returns. This avoids the double taxation that corporations experience (where both the company and its shareholders are taxed).
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