If you’re looking to start your own business then one of the first things that you are going to need to is determine what type of business structure you will use. One structure that you should consider is a Limited Liability Company (LLC), which is one of most popular business options. An LLC has many of the same characteristics of a corporation, while enjoying more flexibility and less hassle.

Get started Start Your LLC Incorporation Answer a few questions. We'll take care of the rest.

How Do You Define Limited Liability?

Essentially, an LLC is a legal entity that protects the directors and officers comprising it from individual liability. Instead of the members of the LLC being held personally liable for negligent acts, the LLC will be liable.

Becoming an LLC can be straightforward and if you are interested then we make it easy to get incorporated as an LLC.

The Tax Advantages of an LLC

Because the IRS doesn't consider an LLC to be a separate entity, it doesn't get taxed directly. You can actually choose how you wish to be taxed. These are the options:

  • Single Member: The company will be taxed like a sole proprietorship. The business will not be taxed directly. Instead, its profits and losses are passed through to your individual federal income tax return.
  • File as Partners: You may choose to be taxed like a traditional partnership.
  • File as a Corporation: You may choose to be taxed like a corporation.

To limit any confusion during tax time, you may create an Operating Agreement for your LLC that will dictate how the company will be treated for tax purposes.

LLC = Less Paperwork

An LLC is one the easiest business structures to get up and running and to keep in good legal standing. This is because there is minimal government oversight and interference when compared to corporations. This results in less paperwork to file and reduced hassle.

What Is Asset Protection?

Members of an LLC have asset protection. This means that the business's affairs and accounting are kept separate from your personal affairs and accounting. You can’t be held personally responsible for the company's debt or any other legal or financial liability. That is not the case for a sole proprietorship or a general partnership because assets are not considered to be separate under these two structures.

If you are not sure if a Limited Liability Company is the right structure for your business, then make sure to ask a lawyer for more details.

Get started Start Your LLC Incorporation Answer a few questions. We'll take care of the rest.

Get started Start Your LLC Incorporation Answer a few questions. We'll take care of the rest.