Offering expert information on Limited Liability Companies
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A Limited Liability Company (LLC) is a legal business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
What are the advantages of forming an LLC?
Some advantages of forming an LLC include limited personal liability, flexibility in management, pass-through taxation, and simplified compliance requirements.
How do I form an LLC?
To form an LLC, you typically need to choose a name, file articles of organization with the state, draft an operating agreement, and obtain any required licenses or permits.
