Limited Liability Companies
	The Limited Liability Company is a hybrid business entity that combines the most desirable features of a corporation (limited liability) with the income tax advantages of a partnership (pass-through tax treatment). Advantages of an LLC over an S corporation         S corporations limit ownership to 75 (formerly 35) persons.  An LLC has no limit No restrictions on the type of character of members of the LLC You can make tax-free transfers to an LLC upon formation An LLC can own 100% of the stock of another corporation, whereas an S corporation cannot be a member of an affiliated group LLC members can get a basis increase for their share of the LLC's liabilities A member can step up his basis in his share of the LLC property to reflect his outside basis in membership interest Advantages of an LLC over a Limited Partnership      An LLC offers absolute limited liability to members whereas in a partnership, one partner, the general partner, has liability exposure.   No member of the LLC has personal liability LLC's may provide an advantage over Limited Partnerships in the allocation of non-recourse debt LLC members can participate in management without risking limited liability status.  If a limited partner became involved in day-to-day management, he may lose his limited liability status An LLC member may be exempt from self-employment taxes on distributions if he does not participate in management and if the entity could have been formed as a Limited Partnership

Contact us:  Tel. 784 485 6585   Fax: 784 485 6586
Email: argonlimited@gmail.com
Argon Limited
P.O. Box 1817, 97 Granby Street, Kingstown
St. Vincent & the Grenadines, W.I.

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