What Is the Difference Between LLC & Inc?

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If you are getting ready to launch your own business, you've thought about your options. You want to be able to have a business name, be recognized by the state you have your business in, protect your assets and have the best tax privileges. Choosing to structure your business as limited liability company (LLC) or a straight incorporation (Inc.) will depend on several factors. Business collaboration."How to Communicate Your Ideas" is Copyrighted by Flickr user: kevindooley (Kevin Dooley) under the Creative Commons Attribution license.
EmployeesA limited liability company often will not have any technical employees. That is, whatever profits the company makes, the owner(s) keep and depo

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Difference Between LLC & Sub S Corporation
A Limited Liability Company (LLC) is a legal business structure that is designed to limit the liability of its member owners. A Sub S Corporation is a corporation that designates itself as a Sub S specifically for tax purposes. Filing Taxes as an LLCLimited Liability Companies are not recognized by the IRS and must choose whether to file taxes as a sole proprietorship, partnership or corporation.
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OwnershipOn their website, Bizfilings indicates resident aliens and other non-U.S citizens can be LLC members. Shareholders of an S Corp must be U.S. citizens. LLCs may be owned by other corporations, LLCs, individuals
The Difference Between LLC & Professional LLC
The difference between an LLC and a professional LLC hinges on a license and malpractice. A limited liability company and a professional limited liability company have very similar structures, and both limit the business liability incurred by their members, as owners are called. But there are special restrictions and requirements of a PLLC formed by certain state licensed professionals to cover the risk of malpractice. Professionals BarredMany states bar several classes of licensed professionals from forming an LLC to carry on the practice of their professions. Which professions are covered varies from state to state, but they generally include medical practitioners, dentists, accountants
What is the Difference Between an LLC C & an LLC P?
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What Is the Difference Between an LC & an LLC?
As business becomes more globalized, it's important to understand the terminology and abbreviations that are attached to different types of companies. Acronyms can be especially tricky, sometimes looking the same but carrying completely different meanings from country to country or slightly different rules between American states. What is an LC?LC is an abbreviation for "limited company," a legal designation for British businesses that keeps the personal assets of a company's owners separate from the company's finances. The American equivalent is called a corporation. There are a few different types of LCs: private limited companies, public limited companies and private unlimited companie
The Difference Between an LLC & an Inc. Business
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What Is the Difference Between an LLC & a PC?
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