Definition
An LLC is a type of business structure that combines the liability protection of a corporation with the tax flexibility of a partnership.
Related Services
Legal, tax advisory, and business formation services assist entrepreneurs in setting up and managing LLCs, ensuring compliance with regulations.
Problem and Application
LLCs offer personal liability protection for owners, but they may have specific regulatory and operational requirements that need to be carefully managed.
Conclusion
LLCs provide a flexible and protective business structure, making them a popular choice for small businesses and entrepreneurs.
