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Limited Liability Company Form

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Instructions and help about limited liability company

hello and welcome to this session in which we will discuss the limited liability company LLC LLC is a business structure that offer two significant advantages to its members which are the owners the owners are called members LLC is basically a hybrid form of structure what do what do we mean by hybrid it has a limited liability protection like a corporation similar to the shareholders in a corporation the members of the LLC they have a protection a limited liability protection they're not personally liable for the company's debt and liabilities and this is very similar to a corporate structure it's it's it's a good thing to have this means that even if the LLC faces financial difficulties or legal issues the personal assets of the members like their homes cars personal bank account are protected so that's a good thing the other thing that's good about an LLC is it's a pass through taxation although it's a company y

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