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hi my name is Keith Hall I'm a CPA and I work exclusively with small businesses just like you one of the questions you're going to have to answer is what form of organization are you going to operate your new business you're going to be a corporation an LLC partnership sole proprietor lots of choices out there pros and cons for all of those so let's talk about the LLC limited liability company now this is a relatively new form of organization very popular these days we talked in other videos about being a sole proprietorship talk about being a partnership this is kind of a hybrid between those two and the corporation that we also talked about in another video this is kind of in the middle ground we talked about the detriment of sole proprietorships and partnerships being that the liabilities of the company are also the responsibility of the owners the LLC helps with that so one of the main benefits of a limited liability company as you would guess from its name is it can limit the liab

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