What entity structure is the best, LLC, S Corp, or C Corp?

The choice of entity structure really depends on your long term goals, are you self-funding or raising venture capital, your projected income for the initial few years etc.

There is a major difference in how profits are distributed in each of these entities and also how losses will be hand...

Can you use Corporation at the end of your business name if you own an LLC?

Hi

Each state may have different rules. Most states in their LLC application form and instructions will provide you details of acceptable names/words that can be used.

For eg: In Texas, form 205 LLC application form - the first line states Limited liability company, Limited company ...

Is there a way to reduce California LLC tax ($800) if no business was made under its name?

As long as you are registered as LLC in California & LLC member, you are required to pay $800 franchise tax fees. There are no exceptions.

Sole proprietors do not pay LLC tax but it has many risks including personal assets may be liable to pay your business debts etc. It's not worth th...

What does it mean for a private limited company to have limited liability?

In simple terms, from a business perspective- as the word indicates it is limited to your investment in your business.

So, if there are any personal assets - these cannot be used to satisfy business debts. This is a big advantage and is a layer of protection for the business owners.

What is the best tax deductions?

This is a very broad question and it depends on your business situation & entity type for US- S Corp, C Corp, partnership or sole proprietor.

If you are a C Corporation or S corporation, taxes are very complex so certainly consult a tax professional or CPA.

My response below is ...