North Carolina Business Services
A Limited Liability Company (LLC) is a business structure allowed by state statute. LLCs are popular because, similar to a corporation, owners have limited personal liability for the debts and actions of the LLC. Other features of LLCs are more like a partnership, providing management flexibility and the benefit of pass-through taxation Owners of an LLC are called members. Since most states do not restrict ownership, members may include individuals, corporations, other LLCs and foreign entities. There is no maximum number of members. Most states also permit single member LLCs, those having only one owner. An Employer Identification Number (EIN) is also known as a Federal Tax Identification Number, and is used to identify a business entity.
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1. Name Check and Reservation
Top 5 Reasons to create a LLC
1. A personal liability shield for you and your family. 2. Credibility, credibility, credibility 3. Tax flexibility 4. Establishing credit for your future business needs. 5. Organize and provide for flexible ownership between you and your current or future co-owners.
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