Một mặt, nhiều chủ sở hữu được thu hút bởi sự đơn giản các báo cáo thuế-l là một chủ sở hữu duy nhất hoặc đối tác. Mặt khác, họ l mong muốn l trách nhiệm bảo vệ cá nhân được cung cấp bởi thành lập công ty. | N o l o s E n c y c l o p e d i a o f E v e r y d a y L a w first 50 000 of profit and 25 of the next 25 000. By contrast in a sole proprietorship or partnership where the business owner s pay taxes on all profits at their personal income tax rates up to could be subject to federal income tax. A corporation can often reduce taxes by paying its owner-employees a decent salary which of course is taxdeductible to the corporation but taxable to the employee and then retaining additional profits in the business say for future expansion . The additional profits will be taxed at the lower corporate tax rates. Under IRS rules however the maximum amount of profits most corporations are allowed to retain is 250 000 and some professional corporations are limited to 150 000. Recently I ve heard a lot about limited liability companies. How do they work For many years small business people have been torn between operating as sole proprietors or if several people are involved as partnerships or incorporating. On the one hand many owners are attracted to the tax-reporting simplicity of being a sole proprietors or partner. On the other they desire the personal liability protection offered by incorporation. Until the mid 1990s it was possible to safely achieve these dual goals only by forming a corporation and then complying with a number of technical rules to gain S-corporation status from the IRS. Then the limited liability com pany LLC was introduced and slowly gained full IRS acceptance. LLCs can have many of the most popular attributes of both partnerships pass-through tax status and corporations limited personal liability for the owners . You can establish an LLC by filing a document called articles of organization with your state s corporate filing office often the Secretary or Department of State . While most states use the term articles of organization to refer to the basic document creating an LLC some states including Delaware Mississippi New Hampshire New Jersey and
