The Limited Liability Company (LLC) is not a corporation, but it offers many of the same advantages. Many small business owners and entrepreneurs prefer LLCs because they combine the limited liability protection of a corporation with the "pass through" taxation of a sole proprietorship or partnership. LLCs have additional advantages over corporations:
- LLCs allow greater flexibility in management and business organization.
- LLCs do not have the ownership restrictions of S Corporations, making them ideal business structures for foreign investors.
- LLCs accomplish these aims without the IRS' restrictions of S Corporations.
Vcorp Services can form your LLC in all 50 states as well as in Washington, D.C. If you have more questions regarding LLCs, be sure to speak with a qualified legal and/or financial advisor.