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As an LLC owner, you can enjoy all the profits without paying taxes on them once, as the law allows you to deduct any expense from your taxable income. In short, you can enjoy unlimited earnings without paying taxes on them as the owner of an LLC.
Yes, you do need a registered agent for LLC. In the U.S. all corporations, limited liability companies (LLCs), and partnerships operating in the United States are required to have a registered agent.
With multiple people running a company, S Corp becomes the most suitable option as it allows for members to act as employees too. A great perk with an S Corp is the company profits regulated as cash dividends for the members. Its tax status also makes for a highly preferable option!
No, you must have LLC to get an EIN.
