Text Box: ASTRON BUSINESS AND TAX SERVICES Text Box: A Limited Liability Company is a corporate entity created under and governed by the laws of the state in which it was formed. Limited liability companies provide liability protection as well as the pass-through taxation benefits of partnerships or S corporations. Each jurisdiction has its own distinct set of laws governing LLC’s. An LLC file’s Articles of Organization with the state rather than Articles of Incorporation. Additional LLC’s generally utilize an operating or management agreement to set forth the detail on how the organization is to be managed, rather than bylaws. Each state publishes the fee structure for LLC formation on the web site of the Secretary of State of each state. The most important advantages of a LLC are Flexible Management Structure and Income Distribution, Limited Text Box: Liability and Pass through Taxation. All LLC’s allow the most flexible management agreements, and the most freedom to distribute income in any manner that the members agree upon without the need of additional filings. An LLC provides the same amount of liability coverage as that of a traditional corporation. In general, a member is only liable for the amount invested in the LLC. Like a partnership or an S corporation the LLC allows for pass-through taxation, which means that the income from the LLC is only taxed at the individual level as opposed to both the individual level and the corporate level as in traditional C corporations. Text Box: WEB CAM CLASS ARE COMING SOON Look inside for details Text Box: problems and you just may want to be your own boss? Either way, a business will be beneficial. Today’s economy has given more and more people a really good reason to form an LLC. There are several types of business. Sole proprietorship, LLC, Corporation, Partnerships, etc. Consider each one before opening your business. Things to remember: You will have to file a tax return for the business whether you have income or not. Record keeping is a must. Depending on where you live you will have to register with the state or county for tax Text Box: Inside this issue: Text Box: WHY CHOOSE A LIMITED LIABILITY COMPANY? Text Box: May 2009 What’s New Text Box: 318-396-9600– OFFICE 318-396-9677 FAX EMAIL@ASTRONFS.COM Text Box: 508 GREEN ROAD #1 WEST MONROE, LA 71291 WWW.ASTRONFS.COM Text Box: ASTRONS NEW HOURS Monday 9-5 Tuesday 9-5 Wednesday 9-5 LATE APPOINTMENTS ONLY Thursday 9-5 Friday 9-3 WE DO NOT ACCEPT WALK INS YOU MUST HAVE AN APOINTMENT Text Box: Would you like to be your own boss? Would you like to have more time to spend with your kids? How about your spouse? Do you worry about being laid off? Maybe you would like a way to lower your tax liabilities. Do you have authority Text Box: Page #

Our Office will be closed May 25, 2009 for Memorial Day

Why chose an LLC

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How can I save money?

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Stories of Tax Fraud

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2008 Business Taxes

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Administration Notes

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2009 Taxes & what you should know

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PSST!

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Special thanks & What’s Ahead

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