Joni Ziak: LLC is a corporation-like entity.
Joel Feagler: If you pay taxes in the US I think you are referring to a "sub chapter S corporation". This entity has the full legal isolation of the corporate form but is taxed as a partnership. That is that the income and loss is not taxed directly but is combined with your personal income and taxed at that level.There are a few limitations like 25 or less shareholders and only one class of stock. Additionally you must be active in the corporation for this to apply....Show more
No comments:
Post a Comment