top of page

T&M Business Consulting & Accounting/CPAs

T&M BUSINESS CONSULTING / CPA

© 2023 by T&M.

LLC

A limited liability company (LLC) is a type of business entity that combines the liability protection of a corporation with the tax flexibility of a partnership. This means that the owners, known as members, are not personally liable for the debts and obligations of the company, and the company's profits and losses are reported on the members' personal tax returns. LLCs are popular among small businesses and startups because they offer a simple and flexible structure with fewer regulatory requirements than a corporation.

C CORP

A C Corporation, or C Corp, is a separate legal entity from its owners and offers limited liability to shareholders. It can raise capital through stock sales and enjoy tax benefits, but is subject to double taxation. C Corps must comply with certain formalities, such as holding shareholder meetings and maintaining records, and are typically used by larger companies with multiple shareholders.

S CORP

An S Corporation, or S Corp, is a legal structure that provides limited liability to its shareholders while allowing for pass-through taxation. S Corps are separate entities from their owners and have no more than 100 shareholders and one class of stock. They are popular among small business owners who want the protection of a corporation and the tax benefits of a partnership.

LLP

A Limited Liability Partnership, or LLP, is a legal structure that combines the flexibility of a partnership with limited liability protection. Its partners are not personally liable for the debts and obligations of the business. LLPs offer flexibility in management and ownership, and are generally taxed as a pass-through entity. They are commonly used by professional services firms, such as law and accounting firms, to offer personal asset protection to partners while fostering collaboration.

Entity Formation

Entity Formation is based on increasing the employability and productivity of workers, seeking to achieve the general objectives of the company, for which reason it is considered a cyclical process of continuous improvement that is shaped based on future projects of the same.

1

LLC

A limited liability company (LLC) is a type of business entity that combines the liability protection of a corporation with the tax flexibility of a partnership. This means that the owners, known as members, are not personally liable for the debts and obligations of the company, and the company's profits and losses are reported on the members' personal tax returns. LLCs are popular among small businesses and startups because they offer a simple and flexible structure with fewer regulatory requirements than a corporation.

2

C CORP

A C Corporation, or C Corp, is a separate legal entity from its owners and offers limited liability to shareholders. It can raise capital through stock sales and enjoy tax benefits, but is subject to double taxation. C Corps must comply with certain formalities, such as holding shareholder meetings and maintaining records, and are typically used by larger companies with multiple shareholders.

3

S CORP

An S Corporation, or S Corp, is a legal structure that provides limited liability to its shareholders while allowing for pass-through taxation. S Corps are separate entities from their owners and have no more than 100 shareholders and one class of stock. They are popular among small business owners who want the protection of a corporation and the tax benefits of a partnership.

bottom of page