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What else can I help you with?
What are the legal structures to form a business?
Limited Partnership, LLC, and Incorporation (S-corp; C-corp) form a business.
What are the Three major forms of business ownership?
Sole-proprietor, C-Corp, LLC
Can a S corp be owned by a C corp or can a LLC be owned by a C corp or S corp?
Yes, yes, yes. Tax issues get fun when consolidating between entity types. The answer is too long to type. Pay a CPA.
What is the ticker symbol for sms audio LLC?
A LLC cannot distribute any shares. The LLC would have to change its legal structure to a C or S corp. Trying looking for HNHID
Why Am I Required To Use A C-Corp?
There's 401k plan to ensure it satisfies relevant legal needs. The 401k plan requires using a C-Corporation to be able to adhere to federal pension law. Using an S-Corporation, LLC or any other entity type apart from a C-Corp wouldn't satisfy the legal needs.
If you own a ccorp that owns a llc and your personal account is linked to the llc account since you will pay taxes at year end anyway can you move funds from the llc to your personal account legally?
The c corp needs to issue a dividend or pay you a salary. It's important not to co-mingle funds. (you might want to talk to your accountant about this)
What is corp c moss?
Corp c moss is actually a lithograph printing company.
Should you have an s corp or a c corp?
in the US, you want an s corp if you want more personal investment in the company. c corp is more limited liability. also for s corp there is no corporate tax rate (it's the same as your personal rate) but for c corp you pay the corporate tax rate.
Does an LLC structured as a C corporation receive a 1099 form?
No, an LLC structured as a C corporation does not receive a 1099 form.
Is it possible for an LLC to be publicly traded?
Why an LLC Cannot Be Publicly Traded: Ownership Restrictions: LLCs are owned by "members," and ownership isn't divided into tradable shares like corporations. Lack of Share Structure: LLCs don't issue stock, which is required for trading on public stock exchanges like the NYSE or NASDAQ. Regulatory and Reporting Differences: LLCs are not structured to meet the strict disclosure and governance standards required for public companies. ✅ Alternative: If a company wants to go public, it typically converts from an LLC to a corporation (C-Corp) before issuing shares to the public. Would you like to see how the conversion process works from LLC to C-Corp for IPO purposes?
What is the best business structure for gift basket business startup?
Assuming the the business is within USA: Sole-Proprietorship (quickest, simplest, least-expensive, most risk) LLC (sweet spot between simplicity, cost and protection) S-Corp (Planning on expanding later, adding investors to roster, selling to government etc. - this is the way to go. This is still much light-weight than a traditional corporation - the C Corp). So, if you are just testing waters, try Sole.. (or partnership) If you are fairly confident to stay in business for a while, LLC or S-Corp.
Corporation vs LLC?
Assuming you refer to a C-corporation, the major difference is the tax treatment of revenue/expenses and profit. The C-corporation is taxed at corporate tax rates whereas the LLC passes to its Managing Members all of its profits. The individual Managing Member is taxed at personal tax rates. There may or may not be other advantages of one over the other; for example, liability.
