LLCs are popular because, like a corporation, owners have limited personal liability for the debts and actions of the LLC. An LLC is more like a partnership, providing management flexibility and benefits of pass-through taxation. Owners of an LLC are called Members. Forming an LLC is usually less paperwork intensive but requires solid record keeping for its members. You can designate one person to run the LLC (manager managed) or the members can run it together (member managed). Because of the decisions required in the setup, strong legal advice is needed to make sure that the LLC is the best vehicle for your business. Brinkley Walser's business law attorneys are well equipped to guide you in your thought process for forming an LLC.


