An LLC, or limited liability company, is a business entity type that allows business owners to take advantage of the taxation of a sole proprietorship and the liability of a corporation. If that definition made your brain hurt — you aren’t alone. LLCs are complicated, but with a team like us at your side, you’ll be able to navigate the complexities of starting a business with ease. Let’s start by breaking it down.
In layman’s terms, an LLC offers the best of both worlds for business owners as it simplifies the tax process while separating your business’ assets, debts and liabilities from your own. This means you won’t be held individually liable for company debts or other responsibilities, but can still enjoy the ease of merging your business profits with your personal income for tax purposes.
