IS A LLC the Right Cmpany for you?

Do you know the advantages and disadvantages of an LLC. We will show you the pros and cons and you can decide which is for you. A wrong choice could cost you money.
By: Corey & Associates Accouting Services
 
HIALEAH, Fla. - Nov. 13, 2013 - PRLog -- Start LLC  Florida.

Start LLC  Florida.  Do you know what a limited Liability company is (LLC)? How does it affect your business or tax status? If you answer no to both of the questions you have come to the right place. This web sigh will explain all of the do and outs of an LLC.  The effect on your tax return. How does it affect your business?

What is a LLC?

LLC is like a partnership. Each partner has a share of a business. They will not be personal responsible for any of the actions the business.  Where if two or more got together and open a business without and LLC all of would be responsible for the company actions. So if the company go in to debt everyone would be responsible. No so with Limited Liability Company. Only the LLC would be held responsible.

Company pays no IRS taxes. When the LLC   tax return is prepared the company loss or profit are transferred over to the shareholders.  A corporation cannot pass over the loss and has to pay 25 percent on the profit.

Disadvantage of  Start LLC  Florida.

Must have at least 2 partners is one of the disadvantages.  When you start LLC  Florida need put register at least 2 names?  If you make a profit could each of the partners could be subject to social security tax.

Open a Sub chapter S corporation could be your solutions to the issues. If you make less than $250,000 and have less than 10 partners could work for you. Sub S can be used with only one person as a share holders.  Not subject to IRS social security tax.

Still have questions on LLC

Still had questions about how to Start LLC Florida. Do not have a place to turn to Start LLC Florida.  Corey & Associates has the answer for you. Since 1985 have opening Corporation, LLC and Doing Business As for clients. We have the expertise to answer all of your questions. Free Consultation for any questions you may have in start LLC Florida.   A live person will answer all of your questions. Can email, Call or fax your questions.  Our phone number is 305-823-9228. Email albert@1040W2.com.   Become our friend on Http://www.Facebook.com/1040w2 and get our daily updates

For more information http://openmiamicorp.org

How to start a business at http://www.1040w2.com

Blog with more information http://www.irs.albertcorey.net

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Tags:Open Corporation, Start Llc, Florida, start LLC Florida, Why Open Llc
Industry:Accounting, Banking
Location:Hialeah - Florida - United States
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