If you are thinking about creating a business,
you may be thinking about
what the right entity type is. If you haven’t thought about forming a limited liability company yet,
you should be. It is one of the best entity types for small and even large businesses. The following six financial benefits should help explain why the LLC structure is so valuable.
Limited Liability
The name says it all. When you have an LLC, your financial liabilities are limited to your investment in the business. If the business gets into financial trouble, your personal assets won’t be on the line.
Most separate business entities share this advantage. For example, corporations also have limited liability. However, sole proprietorships and partnerships are not protected in this way. For this reason alone, most small businesses should think about learning