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.

Comments:

Ask Incorporation Question:

Payroll Processing

Get the simple, powerful payroll you deserve.

Our firm recommends ADP because our clients get access to simple payroll and HR solutions that fit their business needs, backed by 24/7 expert support.

If interested, please click on the logo above and get in contact with the leading company in payroll processing.

Payroll Processing Solution

Web Hosting Services

Get a Host that you can trust.

We recommend our clients to InMotion Hosting because they are an award-winning, reliable, and experienced Web Hosting Service provider.

Click on the logo above to receive access to discounts (up to 50%) for hosting services such as Business Hosting, VPS Hosting, Dedicated Servers, Reseller Hosting, and WordPress Hosting.

Web Hosting Service Solutions

Disclaimer:

This answer has been written for educational purposes only and was not meant to be legal advice and should not be construed as legal advice or be relied upon. The post may contain errors, inaccuracies and/or omissions. You should always consult an attorney admitted to practice in your jurisdiction for specific advice. This post may be deemed as Attorney Advertising. MyUSACorporation.com do not assume any responsibility for harm or damage resulting from the use of this information in any way. For more information please see our Terms of Service.

Please note that according to IRS Circular 230 to ensure compliance with requirements imposed by the IRS, we inform you that any tax advice contained in this writing was not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any matters addressed herein.

LLC for coffee shop

Comments:

We Want To Connect With You!

Need help?

Thanks for visiting!