As the name suggests, an LLC is a limited liability company, and those companies forming under the umbrella of this type of organization are afforded limited liability. This company design helps to keep the personal liability of a business owner…
Tag: tax package
Nonprofit Incorporation and Tax Advantage
Corporations involved in areas like education, scientific research, religion, or charity can apply for a special type of nonprofit business incorporation. Such incorporation provides limited liability to the members of management. Forming a nonprofit company helps in its legal protection…
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