Advantages of Making Your Business an LLC

An LLC or Limited Liability Company in the USA has some features of both a partnership and a general corporation. Each state has it's own rules and it's quicker to form than a C corporation. There are now several online sites where you can set up your LLC and register it with the state for less than $150.00. It may not be for everyone but here are some reasons why many new business owners prefer an LLC.

 *An entity in which owners & members can't be held responsible for company debts or creditors
 *More flexible than a pratnership when distributing profits
 *Not required to hold regular directors meetings and keep minutes
 *No company tax on profits; they go directly to members personal tax returns
 *No ownership restrictions on number of members
 *Owners & members can be other companies, corporations as well as individuals

There are several other business structures and you should check into all of them before you make a final decision. Once you setup your business as one structure it can be very expensive and time consuming to change.

More on business structures pros & cons in chapter 2 of the new book, The Smart Guide to Starting Your Own Business available at amazon.com