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Limited Liability Company Form

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Instructions and help about limited partnership partner

What is an LLC? An LLC, or limited liability company, is a popular type of business structure due to its flexibility and simplicity. If you are a small business owner or entrepreneur, starting an LLC is one of the best ways to establish credibility and protect your assets. Watch this video to get a quick overview of: The main features of an LLC How an LLC protects your personal assets How LLCs are taxed The Importance of an Operating Agreement And Using a professional LLC formation service At the end, we will share some free resources to help you start your own LLC and follow your business dreams. Millions of new businesses are formed in America every year. They are legally structured as one of several choices: sole proprietorships, general partnerships, corporations, or limited liability companies. The structure chosen for a business will determine who owns the business, how taxes are paid, and who is liable if a lawsuit or debt arises. Each state has specific requirements on forming

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