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What’s the most common business filing in the United States for nearly 20 years? It’s the LLC, or Limited Liability Company.
There are reasons for the popularity of LLCs. Here are three main reasons:
- Flexibility – There are options for how one is formed. There are options for setting up how it will be taxed.
- Protection – Another reason is protection of personal assets. Just as it sounds in its name – the LLC protects each member from personal liability.
- Easy to create. You can guide yourself through a step-by-step process, outlined on states websites.
