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Limited Liability Company Form

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hey man I've been thinking about starting my own business and I've heard a lot about this thing called an LLC do you know what those are oh for sure LLC stands for limited liability company it's a popular choice for businesses because it offers personal liability protection and also some tax advantages personal liability protection what does that mean well it means that if your business gets sued or runs into debt your personal assets like your house or car are generally protected your liability is limited to what you invested in the company so think of it like a bucket or a shield that separates your personal assets from your business that sounds great but what about taxes I've heard llc's have some tax advantages there too is that true yes llc's offer flexibility in taxation so by default their taxes passed through entities which means the profits and losses are passed through to the owner's personal tax returns but you can also

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