The Limited Liability Company (LLC) is a legal status appreciated by entrepreneurs. It is a form of a commercial company created by at least two partners. LLC owners usually enjoy a wide range of benefits. Different types of businesses can benefit from this. Here are wyoming llc benefits for eCommerce business models to consider if you are from the US state.
The Benefits of LLC Legal Status
LLC has many benefits. Here are the main ones.
Partners Benefit from a Secure Legal Framework
The LLC offers predictability and legal certainty, even for entrepreneurs new to corporate law. Indeed, the organization and operation of the LLC are closely supervised by the Commercial Laws. The articles of association of the LLC cannot, therefore, derogate from a certain number of rules laid down by law.
LLC Offers the Possibility of Using the Status of Collaborating Spouse
When the business plan provides that the creator will exercise his activity with his or her spouse, the creation of an LLC offers the possibility of opting for the status of collaborating spouse.
The status of collaborating spouse allows the latter to be fully involved in the management of the company and to have complete social protection at a relatively reduced cost since only contributions for basic retirement, supplementary retirement, and disability-deaths are payable.
LLC Can Be Created By a Single Partner
LLC is a legal form that can take the form of a single-member company (that is to say, be composed of only one partner). In this case, it will be a one-person limited liability company. This feature is a definite advantage if you plan to start your business on your own.
For the creator who starts alone, the recourse to the one-person limited liability company offers the possibility of opening its share capital to new associates to continue the development of the company. This option does not exist when the project leader opts for sole proprietorship.
LLC Status Offers a Flexible Tax Regime
The taxation of the LLC is characterized by relative flexibility. LLCs formed between members of the same family can opt for the regime of partnerships without a time limit. Depending on the results generated and the tax characteristics of the partners, this method of taxation may be preferable. It may therefore be interesting to be able to benefit from it without a time limit.
Joint-stock companies can opt for the partnership regime for several years. After this period, the profits are taxed with corporation tax.