{"id":13223,"date":"2020-11-24T09:05:31","date_gmt":"2020-11-24T09:05:31","guid":{"rendered":"http:\/\/onlineclassesguru.com\/index.php\/2020\/11\/24\/discussion-reply-william\/"},"modified":"2020-11-24T09:05:31","modified_gmt":"2020-11-24T09:05:31","slug":"discussion-reply-william","status":"publish","type":"post","link":"https:\/\/onlineclassesguru.com\/index.php\/2020\/11\/24\/discussion-reply-william\/","title":{"rendered":"Discussion reply- william"},"content":{"rendered":"<style type=\"text\/css\"><\/style><div class=\"section the_content has_content\">\n<div class=\"section_wrapper\">\n<div class=\"the_content_wrapper\">\n<div>\n<p>Limited Liability company or LLC for short is a form of legal business ownership, that for the purpose of my small business is the best fit for my small company. LLC\u2019s allow for greater protection for small businesses. LLC\u2019s has other benefits compared to others including ease of operations, especially those similar to my independent consultations such as the one I have proposed. Additional, LLC provides significant tax brackets, that differ from larger corporate taxation, as initially my business will have more than two employees (taxid, 2020).<\/p>\n<p>The reason for this is that this will be a sole proprietor ownership, which will alleviate many costs associated with large companies. According to Fishman \u201cAny independent contractor can form an SMLLC to own and run a one-owner business\u201d (Fisherman, 2020) This allows for independents to be listed under state licensing as a single-member LLC or SMLLC).<\/p>\n<p>The second reason to list one\u2019s company as an LLC is to shield them selves from lawsuits that may not protect their personal assets, much like sole proprietorship wouldn\u2019t. This is ideal because if you do not choose to list your company as a limited liability, it will default to sole proprietorship, which may expose one\u2019s assets for litigation in the event of a lawsuit. (secretentourage, 2015)<\/p>\n<p>These benefits aid in cost and budgeting without the pain of large corporate taxes, while still managing any business myself. Cutting costs, will be essential in the independent consultation market, with all the benefits of profits and securities.<\/p>\n<p>Fishman, S., &amp;amp; J.d. (2020, January 03). Should an Independent Contractor Form an LLC? Retrieved May 27, 2020, from\u00a0<a href=\"https:\/\/www.nolo.com\/legal-encyclopedia\/should-an-independent-contractor-form-an-llc.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><u>https:\/\/www.nolo.com\/legal-encyclopedia\/should-an-independent-contractor-form-an-llc.html<\/u><\/a><\/p>\n<p>What is a Limited Liability Company (LLC)?: How Does an LLC Work? (2019, May 02). Retrieved May 26, 2020, from\u00a0<a href=\"https:\/\/www.taxid-apply.com\/faq\/what-is-a-limited-liability-company-llc-how-does-an-llc-work\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><u>https:\/\/www.taxid-apply.com\/faq\/what-is-a-limited-liability-company-llc-how-does-an-llc-work\/<\/u><\/a><\/p>\n<p>Best Business Structure Options for Freelancers, Independent Contractors, or Consultants. (2015, February 05). Retrieved May 27, 2020, from\u00a0<a href=\"https:\/\/www.secretentourage.com\/entrepreneur\/best-business-structure-options-for-freelancers-independent-contractors-or-consultants\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><u>https:\/\/www.secretentourage.com\/entrepreneur\/best-business-structure-options-for-freelancers-independent-contractors-or-consultants\/<\/u><\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"section section-post-footer\">\n<div class=\"section_wrapper clearfix\">\n<div class=\"column one post-pager\"><\/div>\n<\/div>\n<\/div>\n<div class=\"section section-post-intro-share\">\n<div class=\"section_wrapper clearfix\">\n<div class=\"column one\"><\/div>\n<\/div>\n<\/div>\n<p><center><a href=\"http:\/\/onlineclassesguru.com\/orders\/ordernow\"><img decoding=\"async\" src=\"https:\/\/encrypted-tbn0.gstatic.com\/images?q=tbn:ANd9GcTyj99p60XCLyLk1htB7-1neRt8-2QdnenNlQ&usqp=CAU\"target=\"_http:\/\/onlineclassesguru.com\/orders\/ordernow\"\/><\/center><p>","protected":false},"excerpt":{"rendered":"<p>Limited Liability company or LLC for short is a form of legal business ownership, that for the purpose of my small business is the best fit for my small company. LLC\u2019s allow for greater protection for small businesses. LLC\u2019s has other benefits compared to others including ease of operations, especially those similar to my independent&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-13223","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Discussion reply- william - onlineclassesguru<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/onlineclassesguru.com\/index.php\/2020\/11\/24\/discussion-reply-william\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Discussion reply- william - onlineclassesguru\" \/>\n<meta property=\"og:description\" content=\"Limited Liability company or LLC for short is a form of legal business ownership, that for the purpose of my small business is the best fit for my small company. 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