If you are a business owner, you are willing to take a risk. Choosing the right business structure can help maximize your return and minimize your risk. The Limited Liability Company (LLC) combines the best features of the corporation and the partnership: asset protection and pass-through (single) taxation.
An LLC can assist in maximizing your return with the pass-through (single) taxation of the partnership. At the same time, an LLC can help to minimize your risk with the asset protection of the corporation. In other words, the LLC does not suffer from the individual liability exposure of the partnership or the double-taxation of the corporation.
The LLC is almost always the best legal structure for any business. However, we can also help you form a corporation or partnership if that is your desired business structure.
If you have additional questions about business formation, call or come visit the business law attorneys at the Paul Law Firm. Consultations are always free!