At DLK Law group our understanding of tax codes and filings makes us community leaders in entity formation. A Limited Liability Company is a very popular business entity type for good reason.
A Limited Liability Company (LLC) combines the tax flexibility of a partnership with the personal liability protection of a corporation. LLC owners report their share of business profit and loss on their personal tax returns, similar to tax reporting for a general partnership. LLC formation can help you separate yourself from your business, protecting your personal assets in the event of a judgment against the company. All 50 states and the District of Columbia now recognize this popular business type.
Talk to one of our DLK professionals and ask if creating an LLC is the right choice for you.
See also:
Partnerships
Corporations
