LLC stands for Limited Liability Company. Many business owners are drawn to forming an LLC because of that business entity’s most attractive feature: An LLC provides protection for the personal assets of owners and members.
Is an LLC the right choice for your business? Let’s explore the business structure – its pros and cons – so you can decide.
What is an LLC, and How does it Work?
With the limited liability company structure, there can be one owner, two owners (a partnership), or many members. Similarly, what is an LLC operating agreement?