What are the benefits of forming an LLC and what is the easiest, most affordable

  1. Little Feather profile image60
    Little Featherposted 16 years ago

    What are the benefits of forming an LLC and what is the easiest, most affordable way to go about it?

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  2. somebody knows 44 profile image60
    somebody knows 44posted 16 years ago

    A limited liability company (abbreviated L.L.C. or LLC) is a legal form of business company that provides limited liability to its owners. it is a hybrid business entity having certain characteristics of both a corporation and a partnership. The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation. It is often more flexible than a corporation and it is well-suited for companies with a single owner.

    The most affordable way to set up an LLc is to go to the state corporation section of the state forms and fill out yourself, cost is anywhere from $100 in TN to $300 in Tx, the forms are very easy and short.

    Check out Somebody knows small business/loans

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  3. chinweike profile image58
    chinweikeposted 15 years ago

    In addition to what Somebody Knows 44 said, LLC is most suitable for professionals like; Accountants, Lawyers, etc.

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