Close Limited Liability Company
CLOSE LIMITED LIABILITY COMPANY AND BENEFITS-
- Limited liability companies are corporate structures in the United States where owners are not personally liable for the company's debts or liabilities.
- Regulations surrounding LLCs vary from state to state.
- Any entity can form an LLC including individuals and corporations; however, banks and insurance companies cannot.
The primary reason business owners opt to take the LLC route is to limit the principals' personal liability. Many view an LLC as a blend of a partnership, which is a simple business formation of two or more owners under an agreement, and a corporation, which has certain liability protections