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A Limited Liability Company owned by the individual BOTH client serves as the essential integration structure for all “Back Of The House” support services. BOTH has partnered with the Company Corporation (LLC.com,) the industry leader in LLC formation services, to create this structure for each BOTH client. (LLC.com’s parent,) The Company Corporation was founded in 1899 by the architects of Delaware’s corporate laws and over the past hundred years has helped hundreds of thousands of individuals form LLC’s.
The LLC structure is a critical “best practice” for any independent professional. A business operating as a sole proprietorship creates personal liability for any business debts or lawsuits brought against the business. Nearly everything owned by the sole proprietor (i.e. a savings account, a car, a house) can be at risk as a result of the proprietor’s business activity. The LLC separates a client’s personal identity from the business identity, thereby limiting personal liability and preserving personal assets. It also provides the BOTH client with significant additional benefits like tax savings, a legally recognized contracting structure, as well as transparency when dealing with government regulatory agencies. And the LLC is permanent.
The BOTH Advisor, supported by business specialists at the Company Corporation (LLC.com,) make establishing and maintaining a proper Limited Liability Company easy to accomplish. And the BOTH Advisor will oversee maintenance of the LLC on the client’s behalf. (The cost of the LLC is included in the basic BOTH fees) Included in the BOTH set up fees are the Company Corporation’s ‘Basic package’ ($279), the ‘Library of Books’ ( $ 99), the establishment of your LLC’s EIN ( $80) and the Business License Compliance Package ($99), a total value of $557!.
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