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Advantages of LLC Formation!

The Limited Liability Company, or LLC, is a relatively new type of business structure that combines the best features of the corporation with those of the sole proprietorship or partnership. LLC is separate entity from its owner. The popularity of LLC filing is primarily based on the Tax Advantage. LLCs allow for pass-through taxation. LLC formation also allows you to retain any number of members.
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Judah   wrote on : Wed Mar 24th,2010   Back to Article

If one of my members is an LLC and they fall on hard times can my business be affected or are we together or am i protected?

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Dear Juddah: Thanks for choosing InfoTaxSquare.com for your business needs. LLC limits your liability at some extent. But would highly recommend you to consult with an attorney.

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