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Limited Liability Company (LLC)


A Limited Liability Company (LLC) protects your assets and provides limited liability like a corporation, but without the burden of corporate maintenance. (Compare: LLCs vs. Corporations.) That's why it's becoming the most popular way to start a business and for holding your assets. 

With an LLC, you can elect to be taxed as a corporation, and avoid "double taxation" by choosing to be a "pass-through" entity. Why Pay a Lawyer? can form your LLC in 3 simple steps.


And remember, we are happy to answer your questions on the phone. To speak with one of our knowledgeable LLC Business Specialists, call us at 1-888-4WHYPAY or 1-888-494-9729 (our phone hours are: Monday through Friday, 8 AM to 5 PM MST) or send us an email.
Learn More About LLCs
Advantages of an LLC
 
Disadvantages of an LLC
 
LLC Research Center
  • Limited Personal Liability
  • Pass-Through Taxation (No double taxation)
  • Flexible Management and Ownership Structure
  • Less Formalities and Paperwork
  • Can Be Set Up Without an Attorney
 
  • Newer type of Business Entity
  • Best Used for Small Entities and Groups