Here at CorpNet, one of our biggest services is helping business owners form an LLC and manage the business filings to register their business with the state authorities. Deciding to form an LLC can be one of the best business decisions you’ve ever made, especially if you want flexibility with regards to taxation, ease of including partners or operating as a sole proprietor, and most importantly, the “limitation of liability” to protect your personal assets from the debts or liabilities of your business.
Since we work so often with entrepreneurs who want to form an LLC, we’d like to dedicate today’s blog post to tell you all about this unique, flexible, adaptable corporate structure.
What is an LLC?
LLC is short for “Limited Liability Company,” (NOT a Limited Liability Corporation) which is an interesting definition – unlike a C-Corporation or S-Corporation, an LLC is not technically a “corporation” in the same sense. The LLC acts like a hybrid business entity, giving the owner some of the same characteristics as a corporation, but with the pass-through taxation and flexible operations of a sole proprietorship.
What are some of the main advantages of incorporating a business as an LLC? Continue reading “All About the Limited Liability Company (LLC)” »