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The document is a Warranty Deed that outlines the transfer of property from an individual (Grantor) to a corporation (Grantee) in Alabama. It includes details about the property, legal descriptions, and conditions of the transfer, such as the reservation of oil, gas, and minerals by the Grantor. The deed also contains covenants regarding the title and encumbrances, tax responsibilities, and requires notarization.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Who pays more taxes, LLC or corporation?

Typically, an LLC taxed as a sole proprietorship pays more taxes and S Corp tax status means paying less in taxes. By default, an LLC pays taxes as a sole proprietorship, which includes self-employment tax on your total profits.

Why would someone choose an LLC over a corporation?

One of the reasons many people prefer the LLC over the corporation is that there is more flexibility in how it is managed.

How to start a business in AL?

How to start a business in Alabama Choose a business idea. Name your business. Write a business plan. Choose a business structure. Apply for a federal employer identification number (EIN) Obtain business licenses and permits. Examine business insurance options in Alabama. Understand financial considerations.

How to check LLC status in Alabama?

To conduct an Alabama business search, use the Alabama Secretary of States website, searching by name or entity number. This process can reveal important details about a companys history and legal status. SAVE TIME, START AN LLC WITH US!

Is it better to start an LLC or corporation?

In most cases, it is best to start off as an LLC or S-Corporation because these are most suited to minimize your taxes early on AND provide legal protection. Think about whether you plan to raise money. If you do, an S-Corporation is likely to be your best bet. If you dont, its more beneficial to form an LLC.

What is the biggest disadvantage of an LLC?

The Disadvantages of the LLC Business Structure A major disadvantage of an LLC is that owners may pay more taxes. It can be harder to attract investors with an LLC structure. There tend to be high filing and renewal fees associated with forming and maintaining an LLC.

Is it better to start as Corp or LLC?

While every business owner should decide which business structure is right for them based on their business needs and business plan, for most small businesses just starting, it is better to choose an LLC instead of an S corporation.

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