If your LLC is taxed as a partnership, the government considers members who work for the business to be self-employed. Disclaimer: does not claim that 4 US & COMPANY LLC is an actual trucking company or broker. Types of Business Ownership: A Guide For Owner Operators. M: - 7:30 AM - 5:00 PM. Just because an LLC is a popular business structure for businesses, doesn't necessarily mean it's right for you. Draw up an operating agreement: Your operating agreement should include specific information about your management structure, including an ownership breakdown, member voting rights, powers and duties of members and managers, and how profits and losses are distributed. STATE, & POSTAL CODE. It allows all profits to be passed directly to those owners to be taxed as personal income.
Company Driver - N/A. As a matter of policy, BBB does not endorse any product, service or business. If your LLC files forms with the IRS to be taxed as an S corporation, you and other owners who work for the company pay Social Security and Medicare taxes only on your actual compensation rather than on all the company's pretax profits. States request basic pieces of information about your business, which, if you've thought through your business plan and structure, should not be hard to provide. Though more difficult and expensive to establish, corporations provide significant legal benefits. Ongoing requirements usually come on an annual basis. 4 us & company loc.gov. Since an LLC is separate from you as an individual, you'll need to choose a business name different from your own and that no other LLC in your state is already using. PRINCIPAL ADDRESS CITY. Costs and Time Frame. Many or all of the products featured here are from our partners who compensate us. In Maryland, detailed requirements for creating or forming an LLC are in the Maryland LLC Act (Md. Proprietorship means the state of owning a business. You may wish to construct a written Operating Agreement, especially if you have more than one member. This article will help you understand what a Limited Liability Company (LLC) is and why it may be a good option for you.
Otherwise, individual members are not held financially liable beyond an established fixed sum, which is typically equal to their investment in the organization. Most states require this, and we can do it for you. Many physicians' groups are registered as LLCs. BBB Business Profiles are provided solely to assist you in exercising your own best judgment. Corporations and Associations Article, Limited Liability Company Act, Title 4A). What is a Limited Liability Company (LLC)? Well you certainly have a strong degree of flexibility on how you run your company, without the rigid structure of a corporation. You should discuss tax issues in advance with a tax professional. Lorem Ipsum text header Report Title. The IRS considers LLCs as partnerships for tax purposes, unless members opt to be taxed as a corporation. Keep your eyes open for changes in the industry and how they might affect the best structure for your trucking company. Limited Liability Company (LLC) Meaning and Definition (2023. Having an LLC can also help you open bank accounts, enter into contracts, hire employees, and get necessary business licenses and permits.
When it's time to get yours, we can help. Choose a registered agent before filing your articles of organization; states generally require you to list a registered agent's name and address on the form. In an LLC, owners / members don't risk personal assets like a home to pay for a settlement after an accident or mishap at a loading dock. What Is a Limited Liability Company? LLC Pros, Cons. This means those members are personally responsible for paying Social Security and Medicare taxes, which are collectively known as self-employment tax, based on the business's total net earnings. We are sorry, but your computer or network may be sending automated queries. 22801 Aurora Rd Ste 1, Bedford, OH 44146-6858.
All profits and losses are passed through to members, who report them on their individual tax returns. S-Corporations – Typically not subject to income taxes. Business Incorporated: - Accredited Since: - 4/4/2019. Non-Profit Corporations – Typically tax-exempt on all funding. Some entities, though, cannot form LLCs, including banks and insurance companies. Disadvantages of an LLC.
By Mail: Processing times by mail are typically longer than online submission. Although shared, that's still a lot of risk for a handful of partners to take on. A limited liability company (LLC) is a business structure in the U. S. All 4 you shipping company. that protects its owners from personal responsibility for its debts or liabilities. LLC's can also help make it easier for federal income tax purposes and ensure you are on the right side of the law with the internal revenue service. In a corporation, the owners are the shareholders, and the shareholders of a corporation are separate from the business itself and cannot be directly sued for personal assets. RECAPTCHA FREE SEARCHING. For tax purposes, at the end of the year an independent contractor would receive a 1099-MISC Form from the person or company for whom they have been driving and providing other trucking industry related services.
US15, 120 Berry Hill Rd…. Rocky Mount Dudleys Truck Stop. 460 Oklahoma City, Oklahoma. SOUTHERN FOOD STORES. Welcome to the TruckDown Info International, Inc. Fax: 276-228-9010 - 177 parking spaces - 12 diesel lanes - 15 showers - Dennys - 12 Bulk DEF - Propane - …More.
If you continue to see this message, your account may be locked due to too many failed attempts. By continuing, you agree to TruckerAdvisor's Terms Of Service and acknowledge TruckerAdvisor's Privacy Policy. Emporia Sadler Travel Plaza. 50 truck parking spaces - Trucker Lounge - Burger King next to entrance - Dennys next door by motel - ATM…More.
1571 Martinsburg Pike…. TRAVELCENTERS TRAVEL STOP. Warrenton East Coast Oil. Highway Location: Hwy 29, 150. Olive Rd., I-81 Exit 291…. Richmond TA Travel Center. Highway Location: I-85 & I-40, 150. I-95, Exit 89, 10134 Lewistown Road…. I-81 AUTO TRUCK PLAZA. Truck Stops For Sale in Virginia. Colonial Heights Pilot Travel Center. Fax: 540-678-3651 - 140 parking spaces - 12 diesel lanes - 15 showers - Dennys - Pepperonis - Subway - Pr…More. US13, 1129 Carolina Rd….
I-85 Ex 63a (US1), 5420 Boydton Plank Rd. Mobil- GREENVIEW STOP. Fax: 540-434-2076 - 90 parking spaces - 7 showers - 9 diesel lanes - Subway - Cinnabon - Internet - CAT S…More. 149 Stanton, Tennessee. 9181 North Frederick Pike…. I-64 Exit 211, 6870 Jimmy Burrell Ln…. I-85 at Old Stage Road Exit 39…. South Boston, VA. Fueling Station | Lynchburg, VA | Piedmont Fleet Services. Highway Location: Philpott Hwy 58. Station Top features. Many years thru out and still at it!!
Research tobacco for sale, E85 gas and the local gas stations in LYNCHBURG CITY County, VA. Wytheville, VA. Highway Location: I-81/I-77, 77. Danville, VA. Highway Location: Hwy 58 & Hwy 29. 606 Texarkana, Arkansas. 1247 New Boston, Texas. Dublin Stop In Food Stores. Fax: 540-377-5729 - 500 Truck Parking Spaces - Reserve-It Reserved Parking - Shuttle service across lot -…More. US58 and Hwy 671, 1643 Armory Dr…. US 58 Ex 60 (US460), 2865 Pruden Blvd…. A password will be sent to you that you can change during email confirmation. Load your pickup with drunks hanging on lampposts, little red riding hoods, bird bath altars, and thousands of other goodies. 10 truck parking spaces - Deli - Restaurant - Subway - ATM - Fuelman (TS)…More. Truck stops near lynchburg va zip code 24503. Berryville 340 Fuel Depot. Attraction status, hours and prices change without notice; call ahead!
Pound Stateline Food Mart. I-81 Ex 10, 15324 Lee Hwy…. Of Reserved Parking Spots: 0. I-81, Exit 29, 12433 Maple St. …. Description: Mini Stop with small unpaved parking area; McDonald's adjacent; Olive Garden, Bob Evans, Dickey's BBQ, Logan's Roadhouse and Golden Corral all near by. 4640 Lynchburg, Virginia. Sunday: 6:00 - 22:00. South Boston Pilot Dealer. Ruther Glen Ruther Glen Travel Plaza.
40 truck parking spaces - 2 Showers - Trucker Lounge - McDonalds next door - Burger King across road - AT…More. Fax: 804-863-4616 - 80 truck parking spaces - 24/7 Store - 8 Diesel Lanes - 7 Showers - Wendys - 8 Bulk D…More.