Assistance With LLC
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An LLC provides more flexibility than a corporation and more robust liability protection than a sole proprietorship.
A limited liability company (LLC) is a legal status granted to businesses. This designation can relieve the business owners of personal responsibility for their company’s debts or liabilities and establishes the business as its own legal entity.
In the event of bankruptcy or a legal dispute with the business, the owner’s personal assets like bank accounts, homes, and cars can’t typically be viewed as assets of the company.
An LLC is owned by one or more individuals who are referred to as “members.” If you’re the sole owner, it’s a single-member LLC. More than one owner is known as a multi-member LLC.
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