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Starting a Business



Limited Liability Company

A Limited Liability Company offers a nice mix of Corporate and Partnership structure. It allows for limited liability among its owners though still allows owners to participate in management. Similar to a partnership, Limited Liability Companies enjoy pass through taxation and their income is treated as Self Employment income on Federal Income Taxes. Depending on the nature of business and the owners participation in management, there may be some income tax advantages or disadvantages of this ownership structure.