Limited Liability Companies
Limited Liability Companies, or "LLCs," are a relatively new development in the business market. They combine the liability protection of a corporation with the income flow and tax benefits of individually owned businesses. They are perfect for many small business owners or investors looking to hold t real estate or individuals looking for more control and flexibility in managing their business than that offered in corporations. Further, limited liability companies are not restricted from foreign owners or investors like s-corporations, which means they are perfect for receiving foreign investment.
Alternatives:
Limited Liability Partnership and Close Corporation
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