Newbie With Questions

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What is an LLC? Have a buyer that's looking for a five bedroom, what do I do. :-?

Comments(1)

  • ray_higdon16th August, 2004

    taken from google search:
    Limited liability companies, or LLCs, are becoming more and more popular, and it's easy to see why. They combine the personal liability protection of a corporation with the tax benefits and simplicity of a partnership. In other words, the owners (or "members"wink of an LLC are not personally liable for its debts and liabilities, but also have the benefit of being taxed only once on their profits. Moreover, LLCs are more flexible and require less ongoing paperwork than an S-Corporation.

    On second question, find a house that matches their needs, newspaper ads, tax search, etc.
    [addsig]

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