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When Is The Best Time To Form An LLC?

December 5, 2022

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Starting a limited liability company (LLC) is not an overnight decision. However, an LLC is easier to start and maintain than other business structures. You still have to determine whether your business would benefit from it. The LLC is one of the most popular among small businesses since it protects the owner from the business’s liabilities and from paying double taxes.

What Is An LLC?

A limited liability company (LLC) is a type of business structure that provides limited liability protection and taxation choices. The main aim of an LLC is to separate the business’s assets from the owner’s assets. This frees the owner from any liabilities and credits of the business.

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