Limited Liability Company (LLC) Operating Agreement Style 1

Once you start having net taxable income around $30-40,000 a year, it would be cheaper for you to elect the S corporation status with the IRS, and take some of that net taxable income as a dividend to avoid the Medicare and social security tax, otherwise known as self-employment tax. LegalZoom gladly provides services to citizens of the EU wishing to start a business or protect their intellectual property in the United States. We are not a law firm or a substitute for an attorney or law firm. We cannot provide any kind of advice, explanation, opinion, or recommendation about possible legal rights, remedies, defenses, options, selection of forms or strategies. LegalZoom gladly provides services to citizens of the EU wishing to start a business or protect their intellectual property in the United States.

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