BAA Limited

LIMITED LIABILITY COMPANY Like a corporation, a limited liability company upholds limited liability features. It also ensures pass-through taxation and flexibility of partnerships in its operations LLC owners are referred to us ‘members’. A member can be a single person (owner), two or more persons, corporations and other LLCs The LLC members file federal tax return for facilitation of taxes unlike shareholders of corporations. This is due to the fact that LLCs are not regarded as separate…

Are you involved in corporate business affairs? Then you must be in need of an LLC operating agreement. It is evident that once you are done with your Limited Liability Company (LLC), you are free to use LLC operating agreement in order to delineate the operating terms of your corporation. In addition, it also helps to safeguard legal rights and responsibilities. With the help of written record expressing the management policies and procedures of your organization you can easily get down to…

partner income was subject to tax individual rates, now the rate of the limited liability company will be fixed. The rear with this type of form of business is that the whole business will be dissolved if any one partner leaves the company for any reason. Our team of partner decided to raise capital from general public to expand the business further of retail stores and to introduce the imported goods. We converted limited liability Company to S Corporation and got it registered at stock…

Corporation is a business separated from its owners. Corporations can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets and pay taxes. Advantages of a corporation is it is a limited liability that protects owners from losing more than they invest. The business can achieve large sizes due to marketability of stocks. It receives certain tax advantages. Has greater access to financial resources allows growth within the company. Attracts employees with specialized…

Introduction There are three main business entities can choose to form in Malaysia which are Sole Proprietorship, Partnership and Limited and Unlimited Company. It is not so difficult to understand these types of entities and the owner can know which entities is more preferable to the owner. There are few steps in forming a sole proprietorship and a partnership entity. Firstly, determine the name of the organization which is unused by any business establishment or other entities. Register the…

A taxpayer is able to choose from three different tax structures upon forming his or her business. These three different businesses are known as partnerships, “C” corporations and “S” corporations. For methods of incorporation, the internal revenue code dictates a business entity on how they can benefit the taxpayer in the most tax efficient way. The main objective for a business entity and its owners or shareholders is to start a business that fits the owner’s needs and to avoid paying more…

Shareholders have both limited liability and tax status of a flow through entity. Two Advantages Two advantages are that the S-corporation avoids the double taxation of a regular corporation and investors can deduct against their other income because of the flow through entity…

the profits, losses of the business equally. Unfortunately, with this type of entity, Jeb and Josh would need to be concerned at the fact that they will be personally liable for any lawsuits filed against their business. Another option would be Limited Liability Company (LLC). This type of business entity is an unincorporated form of business…

LLC structure is best fitted for a small business operation (Feigenbaum, n.d., para. 5). However, I disagree with your point that she should open a franchise and, instead, argue that she should open an independent operation. Franchise owners are limited…

Nevada Restaurant Association is a non-profit organization, which makes the accounting quite different from other organizations. To get the details and more specific information regarding the financial aspect of the organization, I interviewed my supervisor Scott Olson, who is a Director of Accounting and Administration in Nevada Restaurant Association. To cover the main aspects of accounting and finance of the company, I have divided my questions into three groups: reporting procedures, payroll…