Benefits of an LLC

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The chief benefits of an LLC are that it combine the liability protection of a corporation with the pass-through taxation of a sole proprietorship or partnership.

We form more LLCs than any other business structure. LLCs are a popular choice for small businesses.

Limit Your Liability!

Forming an LLC protects your personal assets such as your home, car, and savings from debts and obligations of the business. This is the most important feature of your LLC.


Save on Taxes

Pay taxes for the LLC at the same time and at the same rate as you pay your personal income taxes.

How is an LLC Taxed?

Tax Flexibility

Most LLCs start with pass-through taxation. As your business grows, continue saving by electing S-Corp then C-Corp tax treatment.


Claim Your Name

No other business will be permitted to register the name that you claim for your business.


Added Credibility

LLCs are perceived as being more established than sole proprietorships and general partnerships.


Easy To Run

Running an LLC has fewer formalities than running a corporation. LLCs should have a separate bank account and hold an annual meeting with minutes.


Perpetuity

LLCs continue to exist even if an owner dies or leaves. LLCs exist until they are dissolved.


Continue reading "Advantages & Disadvantages of an LLC"

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