Where to start? LLC Help

[theaor]

So I'm just out of college, I've been doing audio production for years, got a couple placements in some major films and working with new breaking artists into the industry waiting and working towards my big break.. I also run a DJ company, and I'm planning a huge movement that will bring in so much income for us. Just getting started and no one has really been able to give me a clear view on what an LLC is and what I could do with it. If someone could please explain to me I would greatly appreciate it.

[David Sandusky]

Originally Posted by theaor

Just getting started and no one has really been able to give me a clear view on what an LLC is and what I could do with it. If someone could please explain to me I would greatly appreciate it.

A limited liability company (LLC) is a hybrid corporation and partnership popular since creation because it is easy to form and manage from a tax standpoint, flexible and still protects the owner from some liability while allowing pass-through taxation (you are not double taxed by the IRS). Transferable: I have seen single owner or partnership businesses formed as LLC to later change to S Corp or C Corp relatively easy if needed - will just cost some money for the attorneys.

LLCs are a good option for many entities and probably yours. Depending on your company goals, however so you might check with a business law or securities attorney.

[Maria Elena Duron]

It will all depend, too, on your vision for your company and where you see yourself going. And, what is it you want this vehicle (your business) to do for you.

My best advice would be to connect with a CPA that you know, like and trust or who is recommended to you by someone who you know,like and trust. Look for someone who has experience working with small business and entrepreneurs. They'll best help you on how to structure your business. And, of course, an attorney will help you in finalizing your official structure.

Best of luck!

[searchguru]

I suggest going over to the Nolo Press website (http://www.nolopress.com) and reading through their definitions of corporate structures.

[sara_criss]

i am totally agree with u maria .....and one question from me i know u are Professionals .....actually i am working with printing company as a BDO .....just join forums ....i need to know a good material of discussions and promotions related to printing .....is there any topic here related to printing products .......

[David Sandusky]

Originally Posted by sara_criss

i.....is there any topic here related to printing products .......

I put "printing products" in the search function found in the navigation on top of this and any page in this forum. Here are the results.
If you don't find what you are looking for so far, start a new thread with more specifics and you will get ideas.

[sara_criss]

thanks David