In the United States, the limited liability company (LLC) is a fairly new concept in business organization. Though still not accepted in all states, it serves as a unique alternative to traditional legal and tax ways of doing business; like sole proprietorships, partnerships, and S corporations, the business profits and losses of an LLC are taxed at individuals’ income tax rates. You will avoid a corporation’s double taxation, where taxes are reported at a separate business level. Call our business consultants today to setup an LLC.
