The New and Improved Entity Choice: the Limited Liability Company

Limited Liability Company

While the corporation can trace its history back hundreds of years (in varying amounts, depending on the source of your research), the limited liability company (LLC) is a fairly recent invention, first appearing a few decades ago. Designed by lawmakers to be an alternative to the archaic corporation, lawmakers made the legal structure of the…

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Basic Taxation Aspects for Entity Choice

Entity Taxation

Consider your tax options when deciding on entity choice. When deciding on what type of entity to utilize for a business, there are any number of factors to consider. The modern approach suggests that the primary options are the corporation and the limited liability company (LLC). Both offer limited liability protection of their respective owners,…

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