What is an LLC?
Two.Words. Asset Protection.
A Limited Liability Company or LLC can obviously perform at much more than just those two words; however, the decision to establish one starts right there. The woman in the picture would never ride her bike without her stylish red helmet. She is protecting one of her more valuable assets, her head.
As you start your business endeavor, gear up with an LLC and ride towards the horizon. As corny as it may sound, it could probably be one of the most important decisions you make.
Keeping your personal assets separate from your business is the main reason to establish an LLC. Many companies start like this and if necessary you can always evolve into a Corporation.
Another reason for choosing an LLC is its flexibility when it comes at who’s running the show, who is just an owner and how you deal with taxes. It is considered a pass through entity, meaning income is not “double taxed” like a Corporation (at a corporate level first and then when shareholders disburse dividends). In an LLC income has a pass through treatment directly linked to its members as individuals. It is a form of corporate vehicle well suited for single owners.
By keeping things separate, not commingling personal and business assets, and keeping your company up to date and current, you are not personally responsible for your business liabilities. Make Ol’ Ben Franklin proud and get your ounce of preventions right here with us. ORDER YOUR LLC NOW.
- MyUSCompanies.com Team.