Limited liability company Essays

An S Corporation and a Limited Liability Company (LLC) have several similarities such as avoiding double taxation. However, these two types of structuring a business have some differences, which in the long term can be very important. An S corporation is the best option for small businesses instead of a limited liability company for several reasons. First the S corporation is a corporation elected by the IRS that has existed for years while LLC is the youngest business structure, some of its laws

Dodeca is a limited liability company that strives for hydrating athletes more efficiently, so they can perform at a higher level. We focus primarily on innovating the way athletes restore their energy and quench their thirst to perform at their pinnacle. We pride ourselves on being the world premier of sports hydration technology. The Isopod is the world's first multi tubed hydropack distribution system. It is next generation technology that hydrates athletes from all regions of the United States

shopping center it operates in. 1. Legal Structure: Los Pollos Hermanos is a privately held corporation with a legal structure organized as a Limited Liability Company (LLC). This structure provides liability protection for the owners while offering flexibility in management and taxation. As an LLC, Los Pollos Hermanos enjoys the benefits of limited liability, which means that the personal assets of the owners

entity to suit your objectives and reduce liability to protect your widget and family. I have outline the three best options below as well as my personal recommendation of which is the most optimal entity. Facts: Sole proprietorship: I feel like we have to discuss this option first so that you are aware of benefits as a sole proprietor. With this form of business, you are the business.

GERARD WARRENS is the sole manager, officer, and director of STEALTH SOFTWARE, LLC. GERARD WARRENS ("WARRENS") resides in Cave Creek, Arizona but is domiciled in The Netherlands. He is the sole manager for STEALTH SOFTWARE, L.L.C, an Arizona limited liability company. 66. Defendant GERARD WARRENS is the sole officer, director, and owner of STEALTH SOFTWARE, B.V., STEALTH SOFTWARE

Title of article: “A Bartender Explains Why the Anti-Tipping Movement Is Unethical” Link to article: http://www.eater.com/drinks/2015/3/3/8140107/a-bartender-explains-why-the-anti-tipping-movement-isnt-ethical Connection Between What’s Ethical and What’s Legal There are many connections between what is ethical and what is legal. Basically, the main difference between what is ethical and what is Legal is that ethical issues are acts that an individual might feel are wrong but are not against

option for stockholders to convert their preferred stock to common stock which Angie and Bob might take advantages of this. Future earnings are going to be part of the shareholder earnings, therefore; each shareholder is responsible for the tax liability according each percentage of ownership. Hawaiian Memories, Inc. is not going to be able to deduct the full contribution for health insurance which it is the 10% of each employee’s salary. As an S Coporation payroll taxes represent tax savings as

They also determine the court made a mistake as difficulty of the law by definition; the plaintiff is independently liable for the judgment against OPL, a limited liability partnership preceding an alter-ego viewpoint. Therefore, the judgment should be reversed, and return to the courts for issuance of a statement of verdict and a new judgment should be made. They did not reached the dispute of whether significant

There's no law that says you have to use an estate sale liquidation company to manage your sale for you, and you can certainly go ahead and run it by yourself if you've got the time and gumption for it. Estate companies charge anywhere from 25-45% of the total cost of all the goods sold. That might sound like a lot to the average person, but truly you end up getting most of that expenditure back because they can more accurately price items so that you score top dollar on it. They are as interested

Since 1923, the Green Bay Packers have been the only publicly owned, nonprofit professional sports organization in the country (Zirin, 2011). While indeed a unique case, the Packers are the way professional sports should be organized and operated. Every few years, as collective bargaining agreements are negotiated among players and owners, lock outs often occur. Naturally, players and owners both want their piece of the pie. While the collective bargaining negotiation process is often necessary

Corporate Shield of Liability For centuries business structures have been utilized for Asset Protection Planning. A corporation is normally a very effective way to shield one's personal assets from liability resulting from the operation of a business. Normally, the shareholders of the corporation are only liable to the extent of their investment in the corporation. However, officers, directors and employees can be personally liable for their conduct relative to the operation of the business and

The most promulgated benefits of forming a limited liability company emanates from the tenets of autonomy in law. This autonomy bestows numerous advantages to a business owner and in the case of real estate investing; its multifaceted dynamics implies the need to strive for this independence. Advantages of forming LLC to own real estate investments 1. Legal independence A limited liability company is a separate entity from the individual who owns it. This means that in case legal questions are to

Abstract: This essay compares different business structures, including sole proprietorships, partnerships, corporations, and limited liability companies (LLCs), for the Winchester Brothers' supernatural hunting business. After weighing the advantages and disadvantages of each option, it argues that an LLC would be the best choice for the brothers, as it would provide personal liability protection, flexibility in management, and favorable tax treatment. Introduction The Winchester Brothers, protagonists

LLC vs Corporation Unless you are doing private contracting, chances are your business will operate either as an LLC (Limited Liability Company) or a corporation. How a business is run is largely determined by which classification you choose to file under.

Taxation of an LLC Like a partnership, a limited liability company is a pass-through entity, a tax structure designed to avoid double taxation. An LLC is a non-tax entity. Its profits and losses are reported on its members’ individual tax returns. The members are responsible for paying taxes on the LLC's profits. In practical terms, an LLC, like a partnership, serves as an agent for the Internal Revenue Service (IRS) in collecting and reporting tax data about the company’s income and expenses. The

the realm of development and mining gear organization, and diesel motors, regular gas, mechanical gas turbines and diesel-electric trains. Caterpillar Inc. It follows its birthplaces to the 1925 merger of the best tractor producer Jim L. Holt and Company, and the formation of new works for the tractor Caterpillar, situated in California. In 1986 the organization's rearrangement as a Delaware under its present name, Caterpillar home office in Peoria is found, Illinois, United States of America.

Although there exist valid arguments for legislating joint enterprise, there are concerns with the idea. Fundamentally, it is unconventional as it is a creation of the common law therefore, it would be untraditionally to legislate on the doctrine. Likewise, the common law allows more detail in its prescription, and its flexibility is one of its distinguishing features. Furthermore, it joint enterprise was governed by legislation, if that legislation needed to be altered, a considerable amount of

Forming a limited liability company (LLC) can be one of the most advantageous ways to form a new business. (Incorportate.com, 2014) This paper will discuss the nature of LLCs. This discussion will include the many advantages of an LLC. There are few disadvantages to forming and LLC; this will be reviewed in the nature portion of the paper. Additionally, the requirements for formation and operation of an LLC will be reviewed. Since LLC laws are not uniform from state to state, Ohio requirements

running over 100 attractions. The ownership of Thorpe park is a public limited company (PLC), this means that it sells shares in the stock market so it isn’t owned by just one person instead it has shareholders. Being a PLC has its benefits, for example there is limited liability for the shareholders of the business, the business can raise a large sum of money as there is no limit to the amount of shareholders that the company can have, and it also helps the business to

Advantage of LLPs. The major advantages of Limited Liability Partnership are listed below: a) Limited Liability: Unlike a general partnership, an llp is a separate legal entity from its partners. Thus the partners are not held liable for the liabilities of the llp. Any debts or liabilities against the company shall not be required to be paid at the cost of partner 's assets. Whereas in general partnership the partners share the profit as well as the losses of the partnership b) Flexibility: LLP enjoy