Limited liability company?
Answers:
S corp? C Corp? Sole proprietorship? Need more info to assist!!
Are you asking what it is?
is a legal form of business company contained by the United States offering limited liability to its owners. In that respect, it is similar to a corporation, and is commonly a more flexible form of ownership, especially suitable for smaller companies with a set number of owners. Unlike a regular corporation, however, a limited liability company beside one member may be treated as a disregarded entity, so the applicant is often singled-out as a human being performing the actions of the LLC. A constrained liability company with multiple member is typically treated as a partnership for tax purposes, thereby avoiding double taxation. Choosing to operate as partaker management creates a flat associate or partnership structure. Choosing manager nouns creates a two-tiered management structure potentially convertible into a corporation, beside the attendant tax consequences. LLCs use IRS Form 1065 and Schedule SE (Self-Employment Tax). It is normally incorrectly called a "predetermined liability corporation" (instead of company). LLCs are organized with a document call the "articles of organization", or "the rules of organization" specified publicly by the state; additionally, it is common to enjoy an "operating agreement" privately specified by the members.
Yep!