I am starting a real estate investing business and just recently became an LLC(Limited Liability Corporation) and i wanted to know if i am just the owner or principal or CEO? I am in the process of making business cards and i would like to know what i can put down under my name on the business card?
2006-09-10 16:56:33 · 4 answers · asked by Jonathan F 1 in Business & Finance ➔ Investing
LLCs have members, not owners or shareholders. However that is not a job term, but an ownership term like equivalent to shareholders. CEO is the highest person in any incorporated business, pretty sure that means LLC as well but not sure though I believe ive seen LLCs with CEOs.
2006-09-10 17:13:06 · answer #1 · answered by Michael S 1 · 0⤊ 0⤋
i do no longer understand who informed you which you will desire to form an LLC- an trouble-free enterprise may be adequate till you needed the shape to act and be taxed like a partnership. that's particularly the only distinction between the two. in case you have companions, or are thinking of taking on a number of of companions interior the hot salon, then specific, an LLC will certainly be a superb pass criminal duty and tax-clever. in any different case, in case you or your loved ones on my own will income, then possibly a sub-financial disaster "S-style" enterprise is a bargain extra low priced to form and administer. i do no longer understand the place you're, yet in Illinois, the expenses for LLC's are VERY steep while in comparison with S and C Corps. I strongly recommend you communicate with a powerfuble CPA or Tax lawyer and enable them to steer you. i'm no longer an lawyer, and not something in this positioned up would desire to be construed because of the fact the giving of criminal suggestion...
2016-12-12 06:18:38 · answer #2 · answered by erke 4 · 0⤊ 0⤋
You would be considered as the owner.
If you are active in & at risk you are a Principal. This you would use when you have a partner or partners also at risk. (That means you can loose what has been invested in the buisness)
To be a CEO you would have a board of directers & officers etc.
2006-09-10 17:18:31 · answer #3 · answered by Floyd B 5 · 0⤊ 0⤋
CEO is the best way to put it. You will attract more attention. Goodluck!
Jazzy163
2006-09-10 17:09:14 · answer #4 · answered by Jazzy163 1 · 0⤊ 0⤋