LLC

An LLC is a very flexible business structure.  It can be organized like a sole proprietorship, general or limited partnership, or corporation. This same flexibility in structure allows you the opportunity to be taxed on the federal level in a variety of ways while still enjoying a limitation on liability that might not be available with other business structures.  The LLC does have an annual filing requirement with the Secretary of State and must pay certain state taxes unless a special exemption applies.   To determine whether this type of business structure might be a good fit or your business, contact us today.

 

This information is provided to you so that you might understand the basics of the most common business structures available in Tennessee.  The choice of a business structure is affected by many variables.  The information provided on this webpage is not intended to operate as an exclusive source of information.  Please contact us for assistance in determining what structure might work best in your particular case.

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