Business Project - Business Project Daylight Savings LLC...

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Business Project Daylight Savings LLC
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Our company Daylight Savings LLC, will be established as Limitied Liability Company (LLC). An LLC is a form of business ownership that provies the owners with limited liabitly protection. We choose this form of ownership ebcause we believe itll allow us the best protection and ability to grow our business. Form of Ownership
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Pass-through taxes. Owners report their share of profit and loss on their individual tax returns. No Double Taxation Legal protection. Owners have limited liability for business debts and obligations. Guaranteed payments represent earned income to the members, thereby qualifying them to enjoy the benefits of tax-favored fringe benefits LLC can deduct 100 percent of the health insurance premiums he or she pays Pros
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Limited growth potential. You cannot issue shares of stock to attract investors. Self-employment tax. Earnings can be subject to this kind of taxation.
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  • Fall '14
  • Taxation in the United States, Daylight Savings LLC, Limitied Liability Company, company Daylight Savings, limited liabitly protection, File Form SS-4

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