Wednesday, August 1, 2007
Is forming an LLC the way to go in Arizona? Why? -
forming an llc is the way to go in any state. here is a list of reasons why to form an LLC.1. You only have to submit an Articles of Organization to Arizona s Secretary of State.2. An LLC offers you, the owner, liability protection. (something a sole proprietorship DOES NOT)3, Your LLC can chose how you want your income to be taxed. This depends on the type of LLC you form. If you form a Single-member LLC where you are the sole owner of the company than your income will be taxed as an extension of your personal income is taxed. If you form a Multi-member LLC, you and a group of others (shareholders, investors, ect) than you may chose to be taxed the same way a single-member LLC is, taxed as a corporation is (double taxation - the company s profit is taxed AND the shareholders/owners personal earnings are also taxed)
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