Like a Corporation, an LLC offers limited liability to its owners. Unlike a Corporation, however, an LLC is taxed as a Partnership or Sole Proprietorship (unless the LLC elects to be taxed as a Corporation). This allows an LLC to pass all its income and losses through to the owners. Furthermore, the LLC has an advantage over a C-Corporation which makes an S-Corporation tax election because the S-Corporation can only have 100 stockholders and the stockholders cannot be Corporations or non-U.S.

An LLC provides the same protection from liability as a corporation but without the more complex recordkeeping tax structure required of corporations.

There are many ways to convert an LLC to a corporation, each of which has different legal and financial implications. For example, you could convert through a merger, or you could simply start a new corporation and contribute the assets of the LLC into the corporation. We can certainly help you form an entirely new corporation, but it is best to speak with an attorney or accountant to consider your options.

A limited liability company (LLC) is a sort of hybrid form between a partnership and an S corporation ? it has the liability protection of a corporation, with the advantage of being treated as a partnership. All profits and losses flow through to the individual owners' income tax forms. An LLC is simpler to establish and maintain than a corporation. A Certificate of Organization and a docketing statement must be filed with the state. This is a popular form for many new small businesses.

The stockholders of a Delaware Corporation and the owners of units in a Delaware LLC are not personally liable to the creditors of a Delaware Corporation or LLC unless they personally guarantee the obligations. Go Back to the Top of the Page

Partners in a partnership or LLC cannot make pre-tax contributions to their HSAs through the partnership by salary reduction. However, they can make their own personal contributions to their HSAs and take the "above-the-line" deduction on their personal income taxes. No. Self-employed persons may not contribute to an HSA on a pre-tax basis and may not take the amount of their HSA contribution as a deduction for SECA purposes.

Business] A limited liability company or LLC is an organization owned by one or more individuals or corporations. The members own membership interests in the company and not shares. LLC is a recently developed type of legal entity. For many entrepreneurs, it is the ideal choice, as it has the tax advantages of the limited partnership and the limited liability element of corporations.

S corporations and LLCs possess many similarities: Both offer limited liability protection and pass-through tax treatment.

The LLC provides a vehicle that lowers risk for all investors, simplifies administration of the fund, and codifies the agreements among the funders regarding their obligations to each other and to the goals of the fund, how decisions are made and how the funds flow. The LLC also provides a long-term, stable mechanism to insure the success of the program over its 20 year life.

Yes, Delaware Corporations and LLCs can qualify to do business in all 50 states and in foreign countries. Go Back to the Top of the Page

LLC's shall be classified consistent with Federal income tax purposes. If for federal purpose you are treated as a corporation and file a Federal Form 1120 then you will be treated as a corporation with Missouri and would file a Form MO-1120. (Section 347.187.2, RSMo).