You Can Have Financial Protection & Flexibility With Your Own Limited Liability Corp (LLC)
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One of the premier advantages to setting up your own LLC is that the process of establishing an LLC is not as complicated and strict than if one was to establish a corporation. Moreover, the owners do not have to give up the limited liability protection granted to corporate owners. In other words, LLC owners are similarly protected from being personally liable for most losses and debts of the business itself. With BCG's help, your LLC will help you build credibility!
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LLCs also use the same type of pass-through taxation used by partnerships, which is an advantage for many smaller businesses.
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LLCs also provide you more flexibility in terms of how the business is controlled and managed. There are not as many formalities as there are for corporations, and you have many more options about how each LLC owner is involved (whether they are simply an investor or have management control).
You also have more flexibility with financial aspects of the business. For example, while corporate laws provide strict rules and regulations on how corporate profits and losses are distributed, LLCs are generally freer in determining how they want to make such distributions.
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