The LLC arose from business owners' desire to adopt a business structure permitting them to operate like a traditional partnership. Their goal was to distribute income to the partners (who ...

An LLC, or Limited Liability Company, is a business structure that combines the protection of a corporation with the benefits of a sole proprietorship or partnership. In an LLC, owners, often called ...

NOTE: Legal business entities (Corporations and LLC's) are required to pay an annual minimum tax of $800 to the California ... A general partnership is a business structure where two or more people ...

Do I need business insurance if I have an LLC? Unfortunately, the LLC business structure usually only protects personal property from lawsuits, and even then, it is limited. While an LLC protects your ...

NOTE: This article is not meant as legal advice or advice to choose the business structure of an LLC. You should consult with a licensed CPA and licensed attorney before choosing a business structure.