Many small business owners opt to register their new companies as a Limited Liability Company (LLC). This is because an LLC offers a number of benefits. It’s like having a sole proprietorship with the protection of a corporation.
LLC benefits include:
– easy to organize
– protects individual owners from debts and personal liability
– owners can report their business earnings on personal taxes
– a professional business name (My New Business, LLC)
Browse this section of StartUpaSmallBiz.com to learn about starting a Limited Liability Company LLC.
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