Limited Liability Companies (LLCs) have become a popular choice for entrepreneurs seeking a flexible yet protected business structure in the United States. This article serves as a comprehensive guide, outlining the step-by-step process for LLC formation and providing insights into the advantages of choosing this business entity.
Understanding the Basics:
An LLC combines the liability protection of a corporation with the simplicity and flexibility of a partnership. Owners, known as members, enjoy limited liability, protecting personal assets from business debts and liabilities.