If you are an emerging entrepreneur, an LLC can present as an attractive option for starting your own business due to its flexibility and personal asset protection. A company’s lack of liability protection can be risky because creditors and stakeholders can seize the owners’ and investors’ assets if the company goes bankrupt. LLC ensures that your personal assets stay safe if the company loses money, protecting entrepreneurs and investors. Continue reading this article to learn what an LLC is and how to set up your business as a limited liability company.
How Limited Liability WorksLimited liability companies have a hybrid business structure that integrates the concepts of a corporation and a partnership.… Read the rest