Scroll
  L.L.C Company Corporation Company
Governance structure
  • All members are bound by an operating agreement.
  • The operating agreement determines all issues in the company.
  • The members may manage the company themselves or they may hire an external manager.

There are 3 tiers of power:

  • Shareholders – own the company
  • Directors – manage the major business actions
  • Officers – carry out day-to-day business activities
Federal taxation
  • IRS considers a single-member LLC to be a disregarded entity and a multi-member LLC to be a partnership.
  • The entity/partnership must fill in  a Federal Tax ID number (also called an employer identification number or EIN).

IRS taxes in 3 different ways:

  • C-corporation – pays taxes on profits each year and may
    choose to distribute dividends to shareholders. If the
    shareholders are a small, tight-knit group, this is often
    referred to as double taxation.
  • S-corporation – the tax liability on the profits and losses
    of the company are passed through to the shareholders.
    They must pay the taxes.
  • Tax exempt – the company must file IRS Form 1023
    and qualify for tax-exempt status by engaging in a
    qualifying charitable, religious or public-service purpose.
Privacy
  • No annual report required

Annual report must state:

  • the corporation’s physical address
  • all directors’ names and addresses
  • one officer’s name and address

About us

We are proud your partner and operate in Leading Company Formation, Financial and Corporate Services Provider where clients need to achieve their objective international market. Our Solution. Your Success.