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The Limited Liability Company (LLC), is a business entity that offers limited liability protection and pass-through taxation. An LLC can be managed by either the members or by managers.
Advantages of a Limited Liability Company:
- LLCs allow for pass-through taxation
- Members on an LLC are not typically held personally responsible for the debts and liabilities of the business
- LLCs generally have no ownership restrictions
- LLC members have flexibility in structuring the management of the company
- An LLC does not require as much annual paperwork, or have as many formalities, as a C corporation or an S corporation
- Written consent of LLC members must be obtained prior to increasing ownership in the company
- Potential customers may perceive an LLC as a more professional entity than a sole proprietorship or partnership
Save More When You Form in Delaware or Nevada
Many entrepreneurs nationwide choose to incorporate their businesses in Delaware or Nevada. This high volume allows BizFilings to offer additional savings when you form a corporation or limited liability company in these states.
BizFilings' online order form makes it easy to incorporate or form a limited liability company. Form your Delaware or Nevada business now.
