LLC

In recent years the Limited Liability Company (LLC) has gained in popularity because of its numerous advantages over the traditional corporation. It combines the benefits of both a corporation and a partnership. The LLC enables the profits and taxes to “pass through” to the individual members while offering a significant amount of flexibility in its management. Additionally, an LLC offers the managers protection from personal liability much like a corporation. With these advantages it is no wonder why the LLC is fast becoming the most popular form of business entity.