Corporate tax without the corporation. An LLC allows a business to be taxed as a corporation without the hassles of a corporation’s business structure. LLCs are generally less expensive to operate, ...

Business entity type and tax structure impact your organization’s finance and compliance requirements. Two popular choices are limited liability companies (LLCs) and S-corps. Although the arrangements ...

When deciding what type of business you should start, the options can seem overwhelming. Two of the most common types of U.S. business structures are C corps and LLCs. A C corp is a company that can ...

Is a limited liability company a party to and bound by its own operating agreement? Many folks would say, “Yes, of course.” But it turns out the answer varies depending upon the law of the company’s ...

Limited liability company (LLC) or S corporation (S-corp)? What do these business structures mean? As a business attorney, I always get the age-old question as to which one is best for you as a ...

With a sole proprietorship, you and your business are the same legal entity. This means that you are personally on the hook for the debts and liabilities of your business. Personal assets-;such as ...

A single-member LLC is a limited liability company owned by one partner. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain ...

A limited liability company (LLC) is a formal business structure. Multiple people can share ownership of an LLC with details spelled out in an operating agreement. Owners of an LLC are called members, ...

Michigan makes it easy to establish an anonymous LLC because member information is not added to the state's public record.