Things that LLC Needs
If you are planning to put up a business, you have probably heard of LLC. LLC means limited liability company. It is a business structure that combines direct tax assessment (like a sole proprietor or partnership) with limited liability. An LLC is not an enterprise: it is a legitimate business that gives security and limited liability to its proprietors. In addition to the limited liability features of a partnership and the simplicity of corporate taxation (where partnership income is reported as part of the owner’s income rather than taxed separately), this alternative is acceptable for multiple owners. Agreements Whether they…
