IRA Financial Group
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Why Use A Limited Liability Company?

The LLC Entity Form –The Right Entity Choice For Most Of Us

Under current law, unless a start-up company wants to go public or a company will be engaged in a complex cross border transaction, there is very little reason to choose to operate as a “C” corporation or a “S” corporation. Most of the non-tax advantages of operating in corporate form are now available in all states in the form of the LLC, and the double tax creates a clear tax bias against the corporate form. An LLC offers all of its members’ limited liability without restrictions on their participation in the venture. Furthermore, ownership interests in the LLC can be freely transferable if its members so choose. For these reasons, it is significantly more common for a new business to select the LLC entity form when starting a new business and not a “C” corporation or “S” corporation.