Most small businesses are organized as limited liability companies, partnerships and subchapter S corporations.
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In the case of limited liability companies, which don't have boards, you'll want to secure a managerial role.
Two longtime business partners started a venture to develop geothermal energy, and formed several companies, including two limited liability companies.
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Sole proprietors file Form 1040, Schedule C and S-corporations, limited partnerships and limited liability companies file the same form, only Schedule E.
Only individuals and pass-through entities (S corporations, partnerships and limited liability companies) benefit from capital gain, there must be a transfer of all rights.
Some would have paid big bucks anyway to set up complex estate planning vehicles such as trusts, limited liability companies and family limited partnerships.
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Two limited liability companies have filed applications to use the .
Most productions are structured like limited partnerships or, in a few cases, limited liability companies (which protects you from losing more than what you put in).
Kehoe and Dale Hart, his deputy, vow to revamp the audit process and shift resources into audits of shelters, partnerships, trusts, limited liability companies and high-income returns.
The owners of these firms (pass-through entities such as partnerships, S corporations, and limited liability companies) pay tax at the individual rate, not the corporate rate.
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Some families are getting around this problem by putting assets into family limited partnerships or limited liability companies and transferring interests in those entities to grandchildren, advisers say.
More than a fourth of the founders of the Forbes 200 Best Small Companies sock away stock in trusts or family partnerships and limited liability companies designed to benefit their heirs.
Limited Liability Companies are usually taxed as partnerships.
Today's entrepreneurs don't have to make it a family affair: There are stadiums full of lawyers, accountants and planners buzzing about GRATs (grantor retained annuity trusts), FLPs (family limited partnerships), LLCs (limited liability companies) and CRTs (charitable remainder trusts).
These changes will constrain the control of family wealth, may inadvertently promote unwanted behaviors, and may cause clients future fees and costs to keep up the various trusts, limited liability companies, family limited partnerships, and other devices on an annual basis.
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In early December, an individual investor in Facebook shared with me the talk among in-the-know investors: that the limited liability companies being created to buy shares of Facebook stock on the secondary market were somehow exploiting an SEC loophole that limits the number of shareholders in private companies to 499.
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However, most property in the City is occupied by limited-liability companies.
Then in 1811 New York state brought in a general limited-liability law for manufacturing companies.
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