Limited liability companies, or LLCs, are becoming more and more popular, and it's easy to see why. They combine the personal liability protection of a corporation with the tax benefits and simplicity of a partnership. In other words, the owners (or members) of an LLC are not, absent special circumstances, personally liable for the LLC's debts and liabilities, but also have the benefit of more flexible tax treatment. Moreover, LLCs are more flexible and require less ongoing paperwork than an S corporation.
LegalZoom's education center provides you with general information relating to limited liability companies. It also outlines their advantages, disadvantages and how they compare to other business entities.
LegalZoom can also help you easily form an LLC. Simply answer a few questions online with the support of our easy-to-read information. We assemble the legal documents you need and can even file the required formation documents with the Secretary of State.