You’ve probably heard the terms “Limited Liability Company” or the somewhat easier to say “LLC.” But, what exactly is an LLC, and what benefits does it provide to you? Well, an LLC is a specific type of business and it’s a very common way for business owners to set up and run their organizations.
The great news is that it’s fast and easy to create an LLC business, and they provide plenty of benefits like liability protection, low administration and increased credibility. We cover the basics of LLCs in our infographic below. You’ll discover what an LLC is, the benefits they provide, how to create one and what to do next.