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LLC for coffee shop

Asked by: yashy - 18 April, 2012
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/default.png-f1597c1da25f30f8c1a941405e8391c8 What is an LLC and is it good for my coffee shop?
Answered by: Ray Albert - 18 April, 2012
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/194.jpg-630c771619e92bede7e6f696b56767b9 Yashy,

An LLC is a business entity that is a pass-through entity, meaning the company does not pay tax on it's profits. The income is passed-through to the members' personal income, where they would then pay their personal income taxes.

LLC allows for unlimited members, and does not issue stock.

For a broader explanation, you may find more information through our site: click here to learn about LLC.

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