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Single Member Llcs Setup For Seniors How To Setup And Run A Single Member Limited Liability Company(1st Edition)
Authors:
Richard Jones
Cover Type:Hardcover
Condition:Used
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Book details
ISBN: 979-8428581478
Book publisher: Independently published (March 7, 2022)
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Single Member Llcs Setup For Seniors How To Setup And Run A Single Member Limited Liability Company 1st Edition Summary: Setting up a business requires a lot of research, and rightly so. This is because of the complexity of business structures and how they work, in relation to the operations of the country or state regarding business. Most specifically this book takes a deep dive into one of the most populous business structures in the United States that is small business owner-friendly and beneficial: the Single-Member Limited Liability Company (SMLLC) business structure.An LLC is the least complex business structure. Unlike a corporation, an LLC structure is flexible. It also gives you the benefits of pass-through taxes, limited liability, and legal protection for your personal assets. In addition to this, you get the added benefits of looking more legitimate than other businesses, which are not LLCs or Corporations. This book highlights the specific benefits of an LLC, and how you can operate your business as an SMLLC. Furthermore, this book acts as a guide to businesses run under Sole Proprietorship or Partnership, keen on transitioning to SMLLC. It gives you an expanded view on taxation, personal liability, and tips for protecting your personal assets from your business. The book also highlights additional tasks required to run an SMLLC, as well as the liability concerns that may emanate from setting up your business.A Snippet of the content of this book include: LLC And Business Structures Why an LLC? How LLC protects your Personal Assets and how they are taxed LLC Formation Service Novelty of Single Member LLC Benefits of a Single Member LLC 9How to Set up Business Banking How to Set up Business Accounting How to document Business Decisions Taxation of Single-Member LLC Default Pass-Through Tax Treatment Electing S-Corporation Tax Status Benefits of S Corporations Demerits of S Corporations Choosing an S-Corp as an SMLLC Benefits of Choosing an S-Corp Status Drawbacks and Complications of Choosing an S-Corp Choosing S-Corp Status: How to Decide Employers/Payroll Taxes Paying Payroll Taxes Sales Tax How are goods taxed? How Excise Taxes Work Who pays for an excise tax? How to form a single-member LLC What next after forming a single-member LLC? The Operating Agreement of Single-Member LLCsHow to manage Your Single-Member LLCHow to convert an Existing Business to Single Member LLC How to dissolve and Wind up a Single-Member LLC Liability Concerns for Single-Member LLCs How to File and Pay for Annual Report? And Lots More information to get you started and run a Single-Member LLC with EaseScroll up and click the BUY NOW WITH 1-CLICK button at the top-right to get this book within three days.
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