The Benefits of Starting a LLC

            LLC stands for limited liability company. If your business currently operates as a sole proprietorship, changing to an LLC may be your best option. For a number of reasons-including the fact that an LLC protects the owners from the debts of and any judgments against your business. It's the preferred form of business organization. Another benefit of having a LLC is your ability to purchase real estate in your business name.

              There are also some grants and loans that are specifically available to small businesses. Visit our blog for more information about these programs. Also, having a LLC allows you to began building business credit. You can develop trade lines that allow you to have a great business credit score. This credit score is different from your personal credit. Having a business credit score awards you with access to more capital for your business. 

There are a number of additional benefits of an LLC, taxed as an S corporation, rather than the traditional straight S corporation form of business organization. These additional tax benefits include the ability to have:

• You are able to have more than 75 business owners
• A nonresident alien as an owner.
• A corporation or a partnership as an owner.
• More than 80 percent ownership in a separate corporate entity.
• Disproportionate ownership-ownership percentages that are different from each respective owner's investment in the business.
• Flow-through business loss deductions in excess of each respective owner's investment in the business.
• Owners/members that are active in the management of the business without losing their limited personal liability exposure can assist you with all the things listed above visit us.  

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References: 

(2004) https://www.entrepreneur.com/article/72134

(John. T, 2019) https://dash.harvard.edu/handle/1/37364563