Posted: Sat Sep 03, 2016 6:35 pm
Yeah, they might start getting weird now...
You have to look at how things are. The extremely favorable tax treatment of LLCs - single member LLCs are not taxed, multiple member LLCs are taxed as partnerships - and that they still have the limited liability protections of corporations, plus there are no restrictions on number of members or citizenship of members as there is with an S corporation, means an LLC is an extremely attractive form of business structure for any organization that does not need go public or offer stock.Flack wrote:The funniest part of that whole post was that the company is a LLC.
Tdarcos wrote:You have to look at how things are. The extremely favorable tax treatment of LLCs - single member LLCs are not taxed, multiple member LLCs are taxed as partnerships - and that they still have the limited liability protections of corporations, plus there are no restrictions on number of members or citizenship of members as there is with an S corporation, means an LLC is an extremely attractive form of business structure for any organization that does not need go public or offer stock.Flack wrote:The funniest part of that whole post was that the company is a LLC.
I'll offer this prediction. Within 20 years, LLCs will be the dominant form of business operation in the U.S. About the only businesses still operating as corporations will be public businesses or organizations that, by law, cannot operate as LLCs, like stock brokerages and banks. If they ever figure a way for LLCs to sell memberships on stock exchanges, the corporation as a type of business will almost completely disappear.
Tdarcos wrote:You have to look at how things are. The extremely favorable tax treatment of LLCs - single member LLCs are not taxed, multiple member LLCs are taxed as partnerships - and that they still have the limited liability protections of corporations, plus there are no restrictions on number of members or citizenship of members as there is with an S corporation, means an LLC is an extremely attractive form of business structure for any organization that does not need go public or offer stock.Flack wrote:The funniest part of that whole post was that the company is a LLC.
I'll offer this prediction. Within 20 years, LLCs will be the dominant form of business operation in the U.S. About the only businesses still operating as corporations will be public businesses or organizations that, by law, cannot operate as LLCs, like stock brokerages and banks. If they ever figure a way for LLCs to sell memberships on stock exchanges, the corporation as a type of business will almost completely disappear.
You have, on occasion, asked to have things explained to you, so I will explain this to you. If this is an occasion in which you did not want this explained to you, kindly disregard and keep rolling.Tdarcos wrote:You have to look at how things are. The extremely favorable tax treatment of LLCs - single member LLCs are not taxed, multiple member LLCs are taxed as partnerships - and that they still have the limited liability protections of corporations, plus there are no restrictions on number of members or citizenship of members as there is with an S corporation, means an LLC is an extremely attractive form of business structure for any organization that does not need go public or offer stock.Flack wrote:The funniest part of that whole post was that the company is a LLC.
I'll offer this prediction. Within 20 years, LLCs will be the dominant form of business operation in the U.S. About the only businesses still operating as corporations will be public businesses or organizations that, by law, cannot operate as LLCs, like stock brokerages and banks. If they ever figure a way for LLCs to sell memberships on stock exchanges, the corporation as a type of business will almost completely disappear.
Sorry about that.pinback wrote:Hey Billy! Don't do it again!
That doesn't sound like any joke that I would want to hear.Flack wrote:It would be the same as if you started off a joke with, "A guy, who happens to be a notary, walks into a bar..."