Setting Up a Limited Liability Company (LLC)
What is a limited liability company? This type of company is a business entity that is inexpensive and easy to create. An LLC is a lawful corporate entity that establishes ownership to each member of the LLC according to percentages. The protection you receive by setting up a limited liability company is worth the little paperwork and time involved to set it all up. Regulations are almost non-existent with an LLC – one of the reasons this type of business setup is so popular and practical for a wide range of businesses. The less hassles you have to deal with, the better. It will be much easier to run your business if you don’t have to deal with too many bureaucratic problems or ridiculous amounts of paperwork. A limited liability company has many advantages over other corporate entities, especially for smaller businesses and startups. First of all, you don’t have to spend a lot of money to run a company as an LLC.
