WHY FORM AN LLC?

LLCs are quickly becoming the most popular type of business entity and for good reason.

Better Protection

Unlike sole proprietorships or general partnerships, all of the owners and managers of an LLC are typically protected against personal liability for business debts and assets of your managers to pay business debts and judgments.

More Flexibility on Taxes

Unlike corporations, LLCs are very flexible from a tax perspective. With single-member LLCs, you can continue to file an individual tax return, which can make filing your taxes much easier. LLCs can also choose from one of several tax classifications that can often mean tax savings.

Save More of the Profits You Make!

With an LLC you’ll also benefit from avoiding double taxation. Instead of being taxed at the company level and then again at the individual level (as is the case with most corporations), 100% of your LLC’s business income “passes through” to the owners and is only taxed once at their individual income tax rates.

Least Complex Business Structure

Spend more time running your business and less time managing incorporation paperwork. LLCs are more easily set up and managed than corporations, which must issue and track stock certificates and ledgers, and adhere to certain corporate formalities and annual compliance requirements that can be a hassle to keep up with.

Legitimizes Your Business

We live in a time when fly-by-night businesses are running rampant. Establishing an LLC tells your potential customers and clients that your business is legitimate.