HOME     EXPERIENCE    COMMITMENT    PHILANTHROPY    TESTIMONIALS    CONTACT US                                                                                                  CALL US AT  1-866-TRUST- 99

   Contact us today at 1-866-TRUST-99 for a no cost attorney consultation

Name:

E-mail Address:

Phone Number:

Message:   

* All Fields Are

 Required

         

 

 

.

Our goal is to provide outstanding client service at an affordable cost to you.

.

LIMITED LIABILITY COMPANIES

 

 

   A limited liability company (L.L.C. or LLC) is a business entity offering limited liability (personal asset protection) to its owners. In that respect, it is similar to a corporation, and is often a more flexible form of ownership. A limited liability company can help to protect your personal assets that you have worked hard to own.

.

Our Services

Corporations                       Limited Liability Company

.

.

Experience

Experience           About Cynthia             About Greg

.

.

Additional Services

Durable Power of Attorney    Children Guardianships

Health Care Directive            Living Trusts

Probate                               Wills

.

.

Press Releases and Blogs

   Gregory and Cynthia Flahive and their team of experienced attorneys have dedicated their practice to providing you outstanding legal representation. They frequently post information in the media to better educate you. Visit back often to check for updated information you need to know.

(Learn More)

 

 

The firm is a proud member of the Better Business Bureau.

 

 

 

 

 

The firm is also a proud member of the American Bar Association

 

 

 

 

   LLCs are organized with a document called the "articles of organization" and must have an "operating agreement" between the owners or "members."

 

   LLCs are more like a partnership, providing management flexibility and the benefit of pass-through taxation. Pass through taxation means that taxable income of the business will "Pass-Through" to the owners' individual tax return. Federal and State Tax Laws treat a LLC like a partnership. For a single member LLC, it will be treated like a sole proprietorship.

 

   An LLC structure basically allows the owners or members of an LLC to record their taxable income on their individual income tax returns like a partner and sole-proprietor would. However an LLC can be treated for tax purposes like a corporation by electing corporate tax treatment.

 

 

 

   You should consider an LLC since it allows for pass-through taxation. There is no corporate tax on an LLC.

 

   Members of the LLC are not typically held personally responsible for the debts and liabilities of the business. Also, LLCs generally have no ownership restrictions and the members have flexibility in structuring the management of the company. An LLC does not require as much annual paperwork which generally makes it more favorable than a corporation. The last item you may want to consider is that customers and the public generally perceive an LLC as a more professional entity than a sole proprietorship or partnership.

.

.

HOME |  EXPERIENCE |  COMMITMENT |  PHILANTHROPY |  EDUCATION CENTER |  CONTACT US |  PRIVACY POLICY & DISCLAIMER

.

.

© 2008 The Flahive Law Corporation. All Rights Reserved.
.

Website created and designed by: Resolution Choices www.services4you.biz