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A Limited Liability Company (LLC) creates a separate legal entity which helps protect your personal assests (such as your home and personal property) from company liabilities such as creditors or lawsuits.
Let the attorneys at Essentia Legal help you take your business to the next level, and create your LLC today!
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Advantages of LLCs include:
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No requirement to have formal meetings or take minutes.
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No double taxation (profits or losses "pass-through" and go directly to their personal tax returns.)
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Highly flexible, and can exist indefinitely
If you want a flexible, easily maintained, tax-friendly structure, LLC's are ideal, but if you want to "go public," (attract large number of investors), you might want to consider incorporating.
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