Why an LLC has Become The Choice for Business


Upon their inception in 1973, LLC’s were primarily used for asset protection. However after decades of refinement, the LLC has expanded to encompass just about any type of business you can think of.

The reason(s) LLCs are so highly-regarded and have turned into the industry darling boils down to two things:

Forming an LLC is easy. All you need is a form and a valid credit card.

Knowing how to use it is another story.

  1. Superior asset protection; and
  2. Tax flexibility

In most (but not all) cases, the LLC has the ability to provide legal shelter that is unavailable in other business structures like Corporations. Also, from a tax point of view, there’s nothing quite like an LLC. It literally is a tax chameleon, and can choose which of 4 taxation types’ best fits the business and its income. There is no other business structure comes close on that front.

But knowing that you want to set up an LLC and getting it set up the right way are two different things. That’s the purpose of this product: to first give you the knowledge you need to plan your LLC the right way, and second, give you the tools to create and manage that LLC.

There are many variables when you’re structuring a business. That’s why it’s hard to go through a quick-service website. Unless you talk to someone who’s got some knowledge and experience on both the tax and the legal side, it’s hard to know what you don’t know. And that can leave you vulnerable.

Got questions? Contact us! We’re here for you.

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