Understanding the Benefits of an LLC
If you have ever been interested in starting your own business, you may have come across the terms “limited liability company” or “LLC,” but you might not be fully aware what this actually means. A limited liability company (LLC) is a business entity that protects its owners (or, members) from being personally liable for the debts of the company. While this alone is not unique to an LLC (as several other entity types also offer levels of protection for the members) the LLC is unique because it combines various characteristics of other entity types, which together make it one of today’s most preferred legal structures for companies.
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