1. Forming an LLC

A lot of attention has been given to LLCs lately. An LLC, short for limited liability company, is a middle ground between a partnership and a corporation. Forming an LLC grants business owners full limited-liability protection like that of a corporation with a pass-through tax status like a partnership. LLCs are relatively new, and can be thought of somewhat as regular partnerships, but all the partners involved aren't personally responsible for any debts of the company. With all the benefits that an LLC affords owners, it's no wonder that they are becoming more popular. Forming an LLC c...

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