Limited Liability LLC

Limited Liability LLC

What is an LLC?

This type of corporation blends the tax advantages of a partnership and the limited liability
advantages of a corporation. Owners of an LLC are referred to as "members." As you
might expect, it also has some limitations but is definitely worth considering.

Advantages of Limited Liability Corporations LLC:

LLC provides for limited personal liability for the owners
No Federal taxes on an LLC
No limit on the number of stockholders on an LLC
More than one class of stock is permitted for an LLC
Business losses may be deducted on your personal tax return on an LLC

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Corporations LLC.

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