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Forming a Limited Liability Company

Limited Liability Companies ( LLCs) combine personal liability protection of a corporation while offering the tax benefits of a partnership.

Benefits of a Limited Liability Company

  • Owners of an LLC are not personally liable for its debts and liabilities.
  • Owners of an LLC are only taxed once on profits (owners of a corporation are taxed twice)
  • LLCs require less paperwork on an ongoing basis than an S Corporation

RocketLawyer.com can help you form your Limited Liability Company and create the business legal forms you need to manage your business.


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Laws on this topic may vary from state to state. This content is not meant to provide you with complete information and it is not intended to be legal or tax advice. It is recommended that you consult with your own attorney, accountant or other advisor regarding your specific situation.