Is a Business LLC Right For Your Business?
The advantages of forming a Business LLC are numerous. As a pass-through entity, LLCs pay franchise taxes, which is different from individual taxes. Additionally, an Owner cannot be personally liable for company debts. Additionally, an LLC is an excellent choice for those who wish to operate a small business with limited personal liability. If you’re wondering if an LLC is right for you, read on. This article will help you decide whether it’s right for your business.
Owners are not personally liable for company debts
Although business owners are not personally liable for the debts of the company, they are still subject to liability if the debts of the company are not paid. Personal liability for business debts …Read More