Instant answers. What can we help you with?
What is an LLC (Limited Liability Company)?
A limited liability company (LLC) is a form of business entity that is separate and distinct from a person, like a corporation. The LLC is often described as hybrid between a corporation and a partnership (or sole proprietorship). It allows for the limited liability protection similar to that of a corporation (i.e. your risk is limited to the amount that is invested in the LLC, and personal assets beyond that are usually protected). It also allows for a more flexible setup and operating structure than a corporation while providing the pass through taxation of a partnership (if a multi-member LLC) or a sole proprietorship (if a single member LLC). One of the main advantages of an LLC over a Partnership or a Sole Proprietorship is the Limited Liability protection.
More Answers to Your Questions
How Our Service Works
Take a moment to view our instructional video and see how easy it can be to get your business incorporated.
Helpful Tools for Decision Making
Select your business type to see how Incfile can work for you.