![]() It is a popular entity choice for a business like a consulting firm, marketing agency, restaurant, and a host of other small or startup enterprises. ![]() The business owner gets the benefits of limited liability but the ease of operation of a small business.Īdditionally, it is easy to set up with significantly less red tape and cost than a corporation. What are the benefits of an LLC?Īn LLC is like a hybrid between a corporation and a sole proprietorship/partnership. The latter, while easier to operate, lacks the limited personal liability that a corporation provides.įortunately, there is a middle ground that provides both limited liability and ease of operation - the limited liability company, or “LLC.” Another benefit of an LLC is that it is fairly easy to set up in most states and can often be done with existing resources that are customizable to the business’ needs.īelow is a helpful guide on the basics of forming an LLC, including helpful resources to get the new small business or startup up and running. ![]() While both are fine, the former is complicated to set up and requires a lot of legal formality to operate properly. ![]() When it comes to starting a small business or startup, many potential entrepreneurs think of setting up a corporation or simply operating the business as a sole proprietor. ![]()
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