Legacy Tax & Resolution Services

Ask the Taxman- What’s the easiest way to get an LLC?

Ask the Taxman-  What’s the easiest way to get an LLC?

Source:  Quora

Answer:

Set aside the protection from liability question, first determine whether the creation of an entity provides a tax benefit. You will find that the benefits do not outweigh the cost below a certain level of taxable income.

Bring back the protection from liability question. The easiest way to set up an LLC is to file Article of Organization with your home state or state of choosing. You may find that filing only Article of Organization without other documents such as Minute Meeting an Operating Agreement and Revolving Promissory Note may not adequately protect you from liability.

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