Why Form an LLC?

Most business can benefit from forming a limited liability company (LLC), no matter what their size. Whether you want to form a multi-member LLC or a single-member LLC (SMLLC), this product can be tailored to fit your needs.

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  Single-member or multi-member ownership structure

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  Limit your liability and protect your personal assets

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  Owners can report profit & loss on their individual tax returns

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  Easy to run, fewer record keeping

Overview

A limited liability company is a business ownership structure that separates your personal affairs from your business affairs.

Benefits

When set up properly, an LLC shields your personal assets from being taken to pay business debts or claims against the business, like a corporation.

An LLC has fewer formalities than a corporation: no stock, no board of directors, and no required annual meetings.

An LLC has easy pass-through taxation (like a sole proprietorship or partnership), where profits and losses are passed through to the owners and taxed on their personal income tax returns.

Disadvantages

An LLC can’t sell shares to the public or issue stock options.