Can a Holding Company Be an LLC?

Some people have asked me, “Can a holding company be an LLC?” The answer is, “Yes.” In fact, it is smart to make a holding company an LLC, as doing so protects it from disputes that lead to lawsuits or confrontations with creditors.

To better understand why a holding company can be an LLC, we need to give a definition to a holding company or entity. 

A holding company is an entity that owns other companies, called subsidiaries. It may also own assets. Some of the assets may include equipment, real estate, or intellectual property.

Therefore, a holding company does not engage in a business of its own. 

Instead, the subsidiaries, if involved in risky operations, rely on an LLC to keep them from being sued or falling prey to creditors.

You can learn more about how a holding company works by contacting me anytime. Email sam@mollaeilaw.com

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LLP vs LLC: Which Is Right For You?

When you establish your company, you will find that you can set it up in one of various ways. If you and one or more people wish to serve as owners, you may wonder which is better – LLP vs LLC? The following information will give your further details about these business entities.

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1. LLP vs LLC: The Differences
2. What Is an LLP?
3. What Is an LLC?
4. LLP vs LLC: Which Is Better for You?
5. LLP vs LLC: Liability Coverage
6. LLP vs LLC: Taxation
7. LLP vs LLC: Management Structure
8. LLP vs LLC: Choosing the Best Entity for You
9. What Happens Next?

Different Types of LLCs

While some business start-up owners are familiar with the term, limited liability company (LLC), they may not realize that there are different types of LLCs. The following information will explain the different formations used in establishing an LLC. 

If you have any questions about the formation of an LLC or need legal assistance from me or my legal team, book a call to speak to us here: https://mollaeilaw.com

 

Defining the Different Types of LLCs

To define the different types of LLCs, it is the easiest to distinguish between the different types of LLCs that have similar purposes. In this case, we want to compare the features of the following LLCs:

Let’s look at and define single-member and multimember LLCs first.

 

Single-member and Multimember LLCs

An owner of an LLC is also called a member.

What Is the Difference Between an LLC and PLLC

The letters “LLC” and “PLLC” represent 2 different business formations. Therefore, it is helpful to know the difference between an LLC and PLLC. This article will clear up any confusion about how these 2 entities work.

So, what is the general difference between and LLC and PLLC?

The letters “LLC” and “PLLC” stand for limited liability company and professional limited liability company. A limited liability company is designed to protect a business owner’s personal assets and to limit his or her liability.

On the other hand, a professional limited liability company (PLLC) is set up for professional practices, such as lawyers, architects, dentists, or medical professionals. 

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1. Is There Any Other Difference between an LLC and PLLC?
2. What is the Main Difference between an LLC and PLLC when Filing the Articles of Organization?
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Should an Independent Contractor Form an LLC?

Have you been wondering, “Should an independent contractor form an LLC?” This question is often posed by sole proprietors who work on their own.

If you are concerned about professional liability, forming an LLC can get you “out of hot water” fast.

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1. When Should an Independent Contractor Form an LLC?
2. Should an Independent Contractor Form an LLC If They Invest in Real Estate?
3. When Should an Independent Contractor Form an LLC If they Work as a Dentist?
4. Should an Independent Contractor Form an LLC if They Write for a Living?
5. Should an Independent Contractor Form an LLC If They Plan to Expand and Grow?
6. What Happens Next?

 

When Should an Independent Contractor Form an LLC?

The Purpose of an LLC (And the Benefits…)

If you are trying to establish yourself as a start-up, you need to answer the question, “What is the purpose of an LLC?” before you register your business. Doing so will give you the information you need to create a solid foundation for your new business.

An LLC offers a number of advantages for the business owner – benefits that should not be overlooked.

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1. What Is the Purpose of an LLC for the Small Business Owner?
2. What is the Purpose of an LLC for Multiple Business Owners?
3. What is the Purpose of an LLC for property investors?
4. What Happens Next?

While it is easy to set up a sole proprietorship, you don’t enjoy the same protection as you do with an LLC. That is because a sole proprietorship leaves you vulnerable,

What is the Best State For LLC?

Once you find out the ease in which you can set up a business entity, such as an LLC, you will want to find out what is the best state for an LLC. This is especially true if you operate a business that is not U.S.-based, or covers sales, services, or operations that are not locally owned and operated. 

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1. What is the Best State for an LLC that is Involved in Real Estate Investments?
2. What is the Best State for an LLC that Operates as an Online Business?
3. What is the Best State for an LLC Owner Who Wishes to Pay Lower Taxes?
4. What Happens Next?

However, if you do most of your business in California or another state, the best state for an LLC is your primary hub. Otherwise, you can explore your options with respect to filing fees,

How to Become an LLC in 7 Easy Steps (Step-By-Step Guide)

What is a Disregarded Entity (For LLCs)

Would you like to know, “What is a disregarded entity?” Have you ever heard of the term before? A disregarded entity, for tax purposes, defines how a single-member limited liability company or LLC is taxed. 

In this case, your LLC is not taxed separately from you, the owner. While you can enjoy personal asset protection, any taxes your business pays will be reflected on your personal income tax form.

You can get further details about taxation and LLC formation when you contact me and my legal staff. Book a call to speak to us here: https://mollaeilaw.com.

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1. What Is A Disregarded Entity when Defined by the IRS?
2. How the IRS Taxes Different Types of LLCs
3. Recording Tax as a Disregarded Entity
4. What Is a Disregarded Entity Business Status and Why Is It Unique?

Types of LLCs: Everything You Need to Know

One of the most popular business entities for small businesses to form today is the LLC. LLC stands for limited liability company. While there of various types of LLCs, they all share some common features, such limited liability and pass-through taxation. 

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1. Book a Call So You Can Easily Set Up Your LLC
2. Types of LLCs and Their Features
3. Types of LLCs that are Member-Managed and Manager-Managed
4. Types of LLCs: How the Entity is Established
5. File Articles of Organization
6. Is Your Business Name Unique?
7. Retain the Services of a Registered Agent
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