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Limited Liability Company Form

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Instructions and help about Limited Liability Company

I get asked this all the time by small business owners now if I'm a slow proprietor should I set up a corporation or an LLC or DBA or what should I do well first off a DBA is basically just a spin-off of a SLE proprietorship so it's still under your name and you're still liable if you were to get sued for all your personal Assets Now with s corporations and llc's you have a bit more protection so I definitely recommend if this is a business you're taking seriously and you're doing a lot of business with you may want to consider doing an LLC or a corporation which are pretty inexpensive if you do go the route of being a corporation or structuring yourself as a corporation there are many tax advantages so that may be something you want to talk with your tax professional about so they can explain to you some of the differences between s corpse C Corps and llc's

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