How are LLC's taxed?
An LLC can be taxed either as a "pass-through" entity, like a partnership or sole proprietorship, or as a regular corporation. By default, an LLC is taxed as a pass-through entity, and the owners of the LLC are not subject to double taxation. This is different from a regular corporation, which pays a corporate tax on its net income (the first tax) and then a second tax when the corporation distributes profits, as the stockholders pay income tax on dividends. With an LLC, the profits "pass through" to the owners, who pay taxes at their individual tax rates.
Should I form a corporation or an LLC?
It is a common question among business owners and one that deserves careful consideration. While both are excellent choices for personal liability protection, each structure offers its own set of distinct advantages. Choosing the right one for your company depends on your particular business, operational needs, and tax strategy.
What are the main differences between an LLC and an S-corporation?
Although an S-corporation shares many of the same tax characteristics as an LLC, an LLC has more flexibility and fewer restrictions than an S-corporation. An S-corporation cannot have more than 100 stockholders, cannot issue more than one class of shares, and is subject to more formalities than an LLC (such as the requirement to hold an annual meeting of stockholders). However, owners of an LLC are required to pay social security and Medicare taxes on the profits of an LLC. Stockholder of a corporation are not required to pay these taxes on profits over and above the stockholder's salary.
Training and Services
We have a very detailed training process that will allow our users to incorporate or form a Limited Liability Company with in minutes. This will allow you to separate your personal liability from the assets of your business. We provide you with training so you are able to prepare and manage all of your corporate and Limited Liability documents.
Tax Advantages
Enjoy hundreds of tax deductions you receive from things like Training Programs, Consulting Fees, Business Seminars, Moving Expenses, Contract Labor, Books, Telephone Calls, Burglar Alarm Systems, Travel, Repairs, Postage, Rent, Tips, Gratuities, Theft Losses, Advertising, Marketing, Legal Fees, Compensation Wages, And Many Others...
Corporate Credit
We'll show you how to establish corporate lines of credit that are not available to the general public, how to receive higher lines of credit than you would as an individual benefit from credit that can be used to fund your business, buy equipment, cars, boats, homes, etc. Learn how to establish and keep your business and personal credit separated.
- Easy way to capitalize you business
- We will show you how to raise capital for operating expenses
- Acquire equipment without having to use immediate cash
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Who Should Have a Living Trust?
Many people have been sadly misinformed about the Living Trust from other people, even people who are supposedly knowledgeable in these matters. People are told that unless you estate is subject to estate taxes it is not necessary. Your wealthy has nothing to do with a trust, a trust if funded properly (all assets in your trust) will allow your estate to pass to your heirs without the courts involvement. Almost everyone thinks that they need a will should probably have a revocable trust.
- If I create a Revocable Trust should I inform my attorney and cancel my will?
There is no need to inform your attorney or have your Will cancelled. Each time you update your will or create a new Trust it will supersede any will or trust with an earlier date, there-by revoking any previous Will.
Can I change the beneficiaries and trustees of my Living Trust?
If you have a Revocable Trust you will always have the right to Amend, Alter, or Revoke your Trust at any time.
Do I need a Living Trust if my property is in Joint Tenancy with my spouse or children?
Many people believe there is no need for a Trust if their assets are held in Joint Tenancy. Joint Tenancy only gives you temporary Protection, when the first party dies, the property will by-pass probate and pass-on to the surviving party. However when the surviving party dies, all assets must then go through probate. With the Trust there is never a need for probate if all assets are in the trust, the successor trustees simply take over after the grantor(s) both die.
Can I sell my home if I place it in a Living Trust?
Yes, with a Revocable Trust you can sale your home and any other property placed in the trust at any time. At the closed of sale or in escrow you can decide to have the proceeds paid directly to you or you can leave them in the trust. Most escrow officers or closing agents are familiar with this type of transfer.
What happens to my Living Trust if I move to another State?
Nothing. The Revocable Trust is recognized in all states in the U.S.A. and in some foreign countries.
How long has The Revocable Trust been in existence and why are people so misinformed?
The Living Trust has been in existence for hundreds of years however most attorneys favor the Last Will & Testament because of their ability to earn fees through the probate process; therefore they prefer to write wills for less money. It's like planning for retirement for attorneys, write the will now and probate it later. If you have time to acquire more assets then the attorney will also have an opportunity to earn more fee later.
How difficult is it to prepare a Revocable Trust using this service?
It is very simple, our website provides easy to follow tutorials, simply answer a series of questions and submit through a payment process and your trust is instantly prepared and delivered to your computer as a PDF in seconds.
What happens after the Revocable Trust is prepared?
Once your trust is completed, the most important responsibility is to fund it; therefore we provide complete funding instructions to transfer all of your assets to your trust. Once your assets are titled to your trust you can be certain that your estate will pass to your heirs without the delays associated with probate. |
