LLC Formation Services
ASSISTING WITH LIMITED LIABILITY COMPANY SET UP
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Should I form a Limited Liability Company?
If you own a business and/or investment property, you may be wondering if you should form a Limited Liability Company (LLC). An LLC can limit your personal liability in relation to business debt and lawsuits while offering flexibility of ownership, management, and taxation. Because an LLC is a company, not a corporation, the formation and management is less onerous and complex than a corporation.
What are the benefits?
A key benefit of an LLC is that all owners protect their personal assets from the LLC’s creditors. As a general rule, if the LLC can’t pay its debts, the LLC’s creditors can only go after the LLC’s bank accounts and other assets. That means, in most situations, your home, car, and personal bank accounts remain safe from the LLC’s creditors or a lawsuit against the LLC.
An LLC can be utilized to own and run nearly any type of business or to own rental and commercial real estate property. Additionally, having an LLC can protect your privacy by maintaining a level of anonymity and creating a separation between your professional life and your personal life.
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Our entire process can be completed virtually for your safety and convenience.
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