, is a business entity structure that offers the personal liability protection of a corporation along with the tax benefits of a partnership. In other words, members of an LLC are not personally liable for the liabilities or debts of the company. Furthermore, the company's income is "pass through" meaning that an LLC's revenue gets passed to the members and is taxed as personal income rather than being hit with a double taxation seen by corporations.

Startups and early stage companies will look towards LLCs when forming their business for a handful of reasons:

They are easy and cost-efficient to set-up and maintain

They offer personal liability protection, meaning the member's personal assets are not at risk

If you are starting your business, you likely will want to start off as an LLC.

Start an LLC

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