Are there exceptions to limited liability?
Yes. An owner may be held personally responsible if he or she: does something purposely illegal or clearly wrong, fails…read more
What is an LLC Operating Agreement, and why is it important?
The LLC operating agreement specifies the working & financial relationship between the co-owners. It defines the percentages of ownership for…read more
What are the benefits of a LLC?
LLCs both limit liability and grant pass-through tax status. This allows for more loss deductions and distribution of tax benefits…read more
Who should establish a LLC?
LLCs are good for those who are concerned about personal exposure to lawsuits related to your company. The LLC organization…read more