LLC Formation 101 -- Info Guide to LLC Formation & Incorporation

Need Information on LLC Formation?

Also called a Limited Liability Company, an LLC is a business entity between a sole proprietorship and a corporation from a legal standpoint. Like a sole prop, LLC owners report business profits and losses on their individual tax returns. Like a corporation, LLC owners are protected against liability for business claims.

LLC formation is a relatively simple and inexpensive task and requires a minimum of paperwork that you can do yourself. However, LLC formation and incorporation is the right choice for some, but not all businesses.

It can be confusing researching information on LLC formation and incorporation. This website can help you become better informed before contacting accountants or attorneys specializing in LLC law in your state.