A limited liability company (LLC) is a business that offers management flexibility, pass-through taxation and, in most cases, personal asset protection during bankruptcy or lawsuits. Often, your home ...

A limited liability company (LLC) is a legal business structure, but the IRS does not recognize an LLC as a classification for tax purposes. The IRS considers LLCs a disregarded entity for tax ...

Forming a new business is an expensive endeavor. Start-up costs often exceed an entrepreneur's cash on hand, so look for savings whenever possible. Limited liability companies -- or LLCs -- are ...

Whether you’re launching a new business, preparing to expand an existing organization or looking to rebrand, there are various legal considerations to take into account. This includes deciding how to ...

One is less expensive, while the other provides more legal protections. Here’s how to decide. Greg Daugherty has worked 25+ years as an editor and writer for major publications and websites. He is ...