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01
LLCs are separate entities, so LLC members' personal assets are protected from the company's debts and obligations. This means that if the LLC owes money, creditors can't go after the owners' personal assets. This can be especially beneficial for self-employed individuals, who might otherwise be held liable for mistakes or accidents that occur while working.
02
LLC founders can create operating agreements that outline how the company will be run and include accountability measures.
03
A limited liability company (LLC) is a business structure that offers limited liability protection and pass-through taxation.
Limited Liability Company Form
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