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Llc Limited Liability Company Form

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Instructions and help about new jersey lien

llc's limit your liability as a business owner having an LLC prevents you as a business owner from having your personal assets such as your bank account your house seized in the event of a lawsuit against your business or if your business has debts called in but the real reason I love llc's is because of pass through taxation now the main reason I love llc's is with llc's taxes pass through your business and they go directly to you personally on your personal tax returns this means you only have to pay taxes one time once your business bus has its profits it all flows over to you so there's no double taxation other business entities like C corpse get this double taxation because the corporation pays taxes and then if you take a salary you pay taxes but with llc's and partnership llc's they're two different worlds from corporations llc's have easy compliance compared to many other corporate structures the compliance

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