LLC stands for Limited Liability Company
LLC stands for Limited Liability Company

LLC stands for Limited Liability Company

LLC stands for Limited Liability Company and the owners are called members.

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The LLC is a relatively new type of business structure. It was only in 1996 that most states had recognized them.

LLCs have become extremely popular because they offer three major benefits:

  • They’re simple to run and very versatileThey offer extremely flexible tax treatmentThey provide the maximum liability protection
  • For these reasons the LLC is the entity of choice of many tax pros and attorneys,Guest Posting especially those advising small business owners.Setting Up Your LLC – LLC Tax AdvantagesUntil recently some states did not allow one-member LLCs. These are now allowed in every state.

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