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Wysłany: Pią 12:31, 30 Sie 2013
Temat postu: hollister outlet sale Six Questions You Better Ans
There are many questions an entrepreneur should answer before obtaining
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a LLC in PA. In fact, there are six very important questions
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that should probably be answered first. Once these issues have been addressed you can seek out assistance for your business
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endeavors. The success of any company rests upon the knowledge of its owners.
What are the advantages of a LLC?
A LLC in PA empowers a business with some distinct advantages over traditional company structures. The LLC limits owner liability. This
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means that the company is treated as a legal entity, and the owner's personal assets are not at stake. Similar to a Sole Proprietor, the LLC can avoid double taxation. This means the company and owners are not taxed separately. The income from the business is merely "passed through" to the owners as income.
What is needed to obtain a LLC in PA?
If a LLC in PA sounds good, then you will
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need to know what the state requires in order to start the company. To legally operate your business, four separate tasks must be completed. The first and second steps involve obtaining an unused name and drafting the Articles of Organization. The third and fourth
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steps require applying for a Federal Tax Id Number and composing the LLC Operating Agreement. Each one these steps must be completed before the Certificate of Good Standing is issued.
What is the Certificate of Good Standing?
In order legally open a LLC
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in PA, this document must be procured. The certification simply states that the business is operating in good faith with the Common Wealth of Pennsylvania. It certifies that all fees and taxes have been paid and the business is a legitimate limited liability company. The certificate also signifies all the proper documentation has been filled with the Pennsylvania
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What fees and taxes are required to maintain a LLC in PA?
Pennsylvania does not levy annual state taxes on companies operating within the state. However, there is an annual registration fee applied to every company. The annual fee
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must be paid to the state's Corporations Bureau. The state of Pennsylvania also ensures
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the company has paid the required federal taxes, dependent upon the LLC's chosen tax designation.
Can a LLC in PA choose to be taxed as a Corporation?
For all intents and purposes, a LLC can choose to be taxed a corporation. The IRS requires the company to use form 8832 to accomplish this task. This double taxation designation will not affect the annual fee requirement to operate in Pennsylvania. It will identify the company
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as a separate entity and tax the income generated. This can be continued for as long as the LLC exists.
How do I dissolve a LLC in PA?
This can be accomplished by filling the Articles of Dissolution. The document clearly identifies the dissolving of the LLC and simplifies the process of ending the company's existence. The required documentation will be
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filed with the Pennsylvania Department of State Corporations Bureau.
You probably have many more questions when it comes to starting a business. Answering these six essential questions should help you in the process. However, it is recommended to seek out further guidance when starting a LLC in PA.
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