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  1. Study with Quizlet and memorize flashcards containing terms like Limited Liability Company, Limited Liability Advantages:, Limited Liability Disadvantages: and more.

  2. Study with Quizlet and memorize flashcards containing terms like What is a limited company?, The capital?, How are profits distributed? and more. Try Magic Notes and save time. Try it free

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  4. Self-Employment Taxes. -members of LLC are considered self employed and must pay the self-employment tax contributions towards Medicare and Social Security. -entire net income of the LLC is subject to this tax. Study with Quizlet and memorize flashcards containing terms like Number of LLCs, Delaware LLC Act, Limited Liability Company and more.

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