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View Diary: Debt Collector's Untold Role In Scott Brown Victory (284 comments)

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  •  LLCs can be corporations (0+ / 0-)

    or partnerships or  sole proprietorships or certain other types of entities for tax purposes.

    My Karma just ran over your Dogma

    by FoundingFatherDAR on Mon Feb 08, 2010 at 01:24:13 PM PST

    [ Parent ]

    •  No, an LLC is created to avoid creating a (1+ / 0-)
      Recommended by:

      corporation, but to retain the benefits of avoiding personal liability.  They're an entity different than a corporation, partnership, or sole proprietorship and can't be any one of those things.

      "If you trust you are not critical; if you are critical you do not trust" by our own Dauphin

      by gustynpip on Mon Feb 08, 2010 at 02:37:47 PM PST

      [ Parent ]

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