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Benefits of forming a Limited Liability Company
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Benefits of forming a Limited Liability Company

User Oleg Polezky
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2 Answers

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20 votes

Question: Hello: ) ✨Benefits of forming a Limited Liability Company?

Answer: It limits liability for managers and members.

Superior protection via the charging order.

Flexible management.

Flow-through taxation: profits are distributed to the members, who are taxed on profits at their personal tax level.

Have a nice Day/Night hun <3

User Evanrmurphy
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22 votes
22 votes

Answer:

  • Separate legal identity : A limited liability company (LLC) is an entity that is separate and apart from its owners, with its own rights, responsibilities and liabilities. This means that an LLC can file a lawsuit (or be sued) in its own name

  • Limited liability : Because an LLC is a separate entity, the owners of the company have limited liability. This is one of the most important benefits to operating as a limited liability company

  • Perpetual existence : Unless the articles of organization specify differently, a limited liability company has perpetual existence. This means that the owners can change without triggering the dissolution of the company. A member’s death, retirement, or withdrawal from the company for any other reason does not mean that the company must cease to operate.

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User Ruju
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