Limited Liability Companies (LLCs)

This handout explains how an LLC operates and how to form an LLC. Information is also provided on the classification of an LLC which will determine the proper tax filing for the LLC.

HIGHLIGHTS: 

  1. Definition of an LLC.

  2. Forming an LLC.

  3. Default classification of an LLC.

  4. Elected classification of an LLC.


CLIENTS WHO MAY BENEFIT:

  1. Business owners considering establishing an LLC.

BusinessClare FazackerleyBusiness, Starting a Business, Business Tax, Start a Business, LLCs