How To Form An LLC
A Limited Liability Company, or an LLC, is a relatively new business structure, that first appeared in
Wyoming in 1977, and is now recognized by every State's statute and the IRS. An LLC is neither a partnership nor a
corporation, but a distinct type of business structure that offers an alternative to those two traditional entities
by combining the corporate advantages of limited liability with the advantages of pass-through taxation usually
associated with partnerships.
Limited Liability Companies are becoming more and more popular, and it is easy to see why. In addition to combining
the best features of partnerships and corporations, LLCs avoid the main disadvantages of both of those business
structures. Limited liability companies are much more flexible and require less ongoing paperwork than
corporations to maintain them, while avoiding the dangers of personal liability
that come with the partnership. www.myusacorporation.eu/llc.html