A limited liability company (LLC) is a separate legal entity that can conduct business just like a corporation with many of the advantages of a partnership. It is taxed as a partnership. Its owners are called members and receive income from the LLC just as a partner would. There is no tax on the LLC entity itself. The members are not personally liable for the debts and obligations of the entity like partners would be. Basically, an LLC combines the tax advantages of a partnership with the limited liability feature of a corporation.
Indianapolis Indiana Partnership or LLC Tax Return Engagement Letter
Category:
State:
Multi-State
City:
Indianapolis
Control #:
US-01958BG
Format:
Word
Instant download
Description
Free preview
