LLC stands for Limited Liability Company and it represents a privately
owned type of business that combines the limited liability of a corporation
with the pass through taxation regime of a partnership or sole proprietorship. Numerous
business owners have directed their attention towards the LLC business form
knowing that they have the freedom of choosing their own tax regime, knowing
that they will deal with less paperwork and less record keeping than a
corporation. If you want to learn
more about the LLC business structure, visit the experts at LLC University
as they will surely answer all your questions and help you understand how it
works. You will find out that there are several variations of the LLC business.
Here they are.
·
The
Professional Limited Liability Company- organized with the specific purpose of
providing professional services. Professions such as doctor, chiropractor,
architect, lawyer, accountant, landscape architect or engineer require the
formation of a PLLC.
·
The Series
LLC, a special form of Limited Liability Company which allows a single LLC to
segregate its assets into separate series.
·
The L3C, a
social enterprise venture formed with the specific purpose of performing
socially beneficial services.
·
The
Anonymous Limited Liability Company, a form of LLC where ownership information
is not publicly available.
As you can see, there are different forms of LLC you can opt for so
gather lots of good info
on them and see which of them best fits your needs and preferences. Find out how
much does an LLC cost in your state, as this is very important information that
will help you make a good choice for your business and get things started. If
you are well informed in which concerns getting a business started, you simply
can’t commit mistakes. This is why you first need to do a lot of research and
only then transform your business idea into a real business.