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What is LLC (Limited Liability Company)
Limited Liability Company (LLC) is a legal business structure formed under each state laws and it has characteristics of ...
Advantages of LLC
Limited Liability. Members of a LLC benefit from the 'limited liability' characteristic of this legal entity and are protected from...
Disadvantages of LLC
Limited Life. In many states, when a member leaves an LLC, the business is dissolved and the members must fulfill all remaining legal and...
LLC tax treatment
LLC can be treated by the IRS as either a corporation, partnership, or as part of the LLC’s owner’s tax return (a “disregarded entity”),...