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Unlike corporations, LLCs don’t have to pay corporate taxes. Anything the company earns or loses goes to its owners, who must include them in their tax filings. But aside from this, LLCs can also make several tax deductions. If you want to learn how to reduce your LLC’s tax liabilities further, you’ve come to the […]
What Is a Holding Company? A holding company is formed to own, control, and manage other businesses or assets. In the context of an LLC, a holding company typically acts as an umbrella organization that oversees one or more subsidiary companies. While the holding company owns a significant portion of the subsidiary’s stock, it does […]
The Legality of Parent LLCs LLCs are established and governed by state laws, which vary from state to state in the United States. While the specifics may differ, all states recognize that an LLC can own another LLC. Such a legal foundation will allow businesses to create hierarchical structures and take advantage of the benefits […]
Musk recently made headlines after he made a statement recommending businesses to incorporate in Nevada and Texas. Although it seemed like Musk was only sharing his thoughts on incorporation, the move was a jab at Delaware’s ruling regarding his pay package worth more than $55 billion. If you want to learn how the class action […]
Although a single-member LLC remains a viable choice for solo entrepreneurs, multi-member LLCs offer unique advantages for businesses with multiple owners. What Are Multi-Member LLCs? As the name suggests, a multi-member LLC comprises multiple individuals or members who share ownership and responsibility. Unlike single-member LLCs, owned by a sole member, a multi-member LLC involves two […]
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