First of all, what exactly is an LLC? It stands for Limited Liability Company. Unlike a C Corp. or an S Corp. it is NOT considered a separate taxable entity. The IRS treats an LLC
as if it doesn’t exist, unless certain elections are made.
Why an LLC? It could
be great for your company because they are flexible when it comes to
determining how you want to be taxed.
Now, you have the option of taxing your LLC like a sole proprietorship,
a partnership or a corporation by filing the appropriate forms with the
IRS. How does that sound on the surface?
The question is…is it right for your company and YOUR
future? Someone who has been working with LLCs for over two decades in Las Vegas
may have the answers you need to know.
His name is Michael Mathews.
Michael is one of our area’s top corporation accountants
working from his office in the Northwest and serving all of the Las
Vegas area. This is a great time of year
to give him a call and discuss your financial future at (702) 240-5237.
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