Search results

@alannasteph LLC = Limited Liability Corporation. State regulations vary, so the liability limitation may not be the same everywhere. But as a corporation, an LLC is a legal entity distinct from its ownership. The ownership of any corporation (LLC, sub-S or even C) can sometimes be personally...

@sherwood In my opinion, the main reason for using a corporate structure is not to save on taxes, but to limit liability. People file lawsuits all the time. If a someone my business and it's a sole proprietorship/partnership, my personal assets are at risk. But if they sue my business and...