Swyft Filings:
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.