d3af2f1a__Comparison_of_Business_Entity__6
[0] Limited Liability Company (LLC) [1] Members [2] 1 to unlimited [3] No [4] Members unless the LLC elects manager management [5] None unless LLC Agreement or State says otherwise [7] Initial filing [8] From the members [9] Paid by members unless elect corporate tax status [10] Special rules apply – check with tax advisor [11] Not usually but can deduct medical insurance & set up IRA or Keogh retirement plan unless elect corporate tax status [12] Owners who want limited liability and pass thru tax status [6] 
Most LLC Agreements require approval of members
Select a Business Entity, Comparison of Business Entity
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