Limited Liability Company (LLC)

Set up an LLC, including the following:
  • Articles of Organization
  • Operating Agreement
  • Filing with the Corporation Commission
  • Publication of Articles & filing of Affidavit of Publication
  • Complete SS-4, fax, and call or fax IRS to obtain Tax ID Number
  • Certificate of Power and Authority
  • LLC Information Summary
  • Client Copy of LLC Notebook
  • Copies for your CPA
  • Schedule of Assets Transferred to Limited Liability Company
Purpose & Advantages of Limited Partnerships & LLC’s
  • Fractionalized Ownership
  • Consolidate Closely Held Businesses
  • Establishes a Discrete Business Entity for Business Activity
  • Retain Control and Access to Assets
  • Tax Planning Option to Divert Income to Children and Grandchildren or to keep income and appreciation out of taxable estate at death
  • Tax Minimization under Certain Circumstances
  • Consolidate Investment and Business Interests
  • Discounted Gifting May Be Available
  • May Defer or Reduce Estate Taxes
  • Opportunity Transfer for “New Deal” Entities
  • Tax Reduction Strategies in Conjunction with Other Planning Entities
  • Facilitates Greater Diversification of Investments and Businesses
LLC - Great Way To Do Business