The Limited Liability Company (LLC) is now one of the most popular business structures among smaller organizations. While allowing business owners to remain free from a great deal of the formalities imposed on other types of businesses, it still provides limited liability protection for its owners (members). LLCs are also eligible for "pass-through" taxation, which means that the company`s income taxes are only reflected on each owner`s personal tax return, not at the business level.
The Limited Liability Company (LLC) is now one of the most popular business structures among smaller organizations. While allowing business owners to remain free from a great deal of the formalities imposed on other types of businesses, it still provides limited liability protection for its owners (members). LLCs are also eligible for "pass-through" taxation, which means that the company`s income taxes are only reflected on each owner`s personal tax return, not at the business level.
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