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[Blaka]

Creating an LLC in the US is a smart move for business owners. It gives you protection by keeping your personal stuff safe from business problems. Soif the company owes money or has legal issues, your personal money and things are safe.

LLCs also give you choices in how you run things and how you deal with taxes. Unlike big corporations LLC canbe managed by the owners or by someone else they choose. And when it comes to taxes, the business doesn't get taxed on its own. Instead, the money it makes or loses goes to the owners, and they deal with it on their personal tax forms.

Running an LLC is easier than dealing with a big corporation. You don't need a fancy board of directors or tons of paperwork. It's simpler and less of a hassle.

 

[IB DD]

A limited liability company can easily attract investment than a normal partnership. That's one critical advanced. And investor would prefer to put his money is a company which an LLC than just a business which a partnership is. The very fact that an LLC can sue someone or other businesses as a legal entity for infractions is an added advantage.

 

[Wisdom01]

I think very much that Members of an LLC are protected from personal liability. This means that members are not personally responsible for the company's debts or lawsuits that might arise.

 

[IB DD]

Furthermore, limited liability companies are more in a better position to be given big businesses and contracts than sole proprietorship or partnership businesses. They have a legal identity and can be held responsible as such. People use that yardstick to take decisions on companies that would win contracts for them.