It's good to see you again. If you haven't already signed up, benefit from the best updated content by subscribing to our RSS feed!

LLC- Limited Liability Company

A somewhat common misnomer is to call an LLC a “Limited Liability Corporation”, but an LLC is technically not a corporation.

A Limited Liability Company protects owners from the majority of business liability.

It’s flexible in that owners can elect for it to be taxed in 4 ways:

1) sole proprietorship (if only 1 owner)
2) partnership
3) S- Corporation
4) C- Corporation