Archive for the ‘Limitied Liability Corporation’ Category

What is a Limited Liability Company?

A limited liability company or “LLC” is a business ownership that is an amalgam between partnership or sole proprietorship and corporation. LLCs are appropriate for smaller companies with limited number of owners. Similar to owners of partnerships or sole proprietorships, LLC owners report company profits or losses on their individual income tax returns. Similar [...]

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Bankruptcy Insurance and The Benefits of a Limited Liability Corporation

Bankruptcy Insurance presents the following article regarding the benefits of filing your company as an LLC, or Limited Liability Corporation.  As covered in the previous article, there is truly no such thing as "bankruptcy insurance".  However, the way that you structure your business can help to shield you, your family and your personal assets should anything happen [...]

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