a limited liability company offers its owners protection from any personal liability from the business debts. What makes it better is that it is a pass-through entity with regards to tax, something a corporation is not. Being a pass through entity means it can pass through to its owners the companys profits as well as losses. They will then reflect these on their personal tax returns just like how it is done in a partnership or a sole proprietorship. Just like with partnerships, LLCs provide greater flexibility for the companys management.
The mere fact many of the businesses "TEAM CORRUPT" continually forks over "TAX`PAYER" funds to are L.L.C.'s, with full knowledge that those types of businesses are past-through entities and it's members are protected from any personal liability from the business debts are more than enough reasons that "SAFE-GUARDS" are instilled in each and every dealing/contract the City engages in with those types of businesses and or individuals/members.
In many cases a phone call to the I.R.S. would supply the City with not only a History of the L.L.C.'s financial history but the financial history of it's members as well [even in the cases of the start up L.L.C.s {which seem to pop up in this City every time there's "TAX PAYER MONIES" to be had via handouts of Tax Payer Monies via the Federal and or State Government}].
Doris and Company along with the membership of those L.L.C.'s that have gone belly-up [in many cases shortly after receiving "TAX PAYER MONIES/ASSETS"] reeks of not only "TAX EVASION" but a ponsy scheme used to fleece "TAX PAYERS".
Those "FEW" still walking around with their heads in the clouds when it comes to the scams being perpetrated by doris and "TEAM CORRUPT" on the Tax Payers and Residents of Scranton really need to wake the hell up.
That excuse of not knowing what was going on has run it's course, the time has come for many if not "ALL" of those concerned /involved to be incarcerated!
Hi Sam. Nice job pretending that you have any idea at all what an LLC is.
Besides the fact that the first paragraph is decidedly more coherent and lucid than anything you've ever written in your life, do you have any idea what it was that you copy/pasted, jackass? Can you explain any of it in your own ebonic words? I sincerely doubt it. You are ignorant. You are an embarassment. YOU ARE A JOKE.
Any retard can google LLC and copy paste a definition and pass it off as their own. And I see you were all over that opportunity like white on rice, as it were.
Dayyyuuummmmmm, asssssshoooollllleeeee!!!!!!!!!! You didn't even try!!!!
Didn't take all that long to google, either. Two or three seconds maybe. You'd have been better served dumbing down the language to make your plagiarism a little less obvious, shaythead. Lifting an entire paragraph. Tsk, tsk. As the Gunny would say, "I bet you're the kind of guy that would funck a guy in the a$$ and not even have the goddamn common courtesy to give him a reach-around."
We are not surprised that Sammy Patilla copy and pasted are we. There is a whole lot of copying and pasting going on across the hall ... it seems to me as though the kids across the hall don't have an original thought ... just about everything is a copy and paste these days.
Now I'm not trying to say that there were intelligent thoughts going on over there ... but you all have to admit the they were pretty damn original ... not many think the way those idiots think.
Nice to see you posting once in a while Paul ... hope all is well with you!
damn typos .... I should spell check before I submit ... oh well!
-- Edited by LusOnlyVoice on Thursday 15th of October 2009 07:09:29 PM
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I want everyone to stop and think about one thing ... Joe Pilchesky is not a lawyer ... he's just a guy playing a lawyer on the internet. Please don't trust your legal needs to this man.
Maybe for his next trick, Sammy will explain the advantages of establishing a Sub-Chapter S corporation to...well that or how get that buff shine in 'vette (Mazza Joe does like it when it shines...).
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Free Speech does't require a multi-paragrah disclaimer Mr. Pilchesky.