Hi, How Can We Help You?

What is an LLC?

What is an LLC?

  • November 20, 2017

An LLC is a limited liability company. Like a Corporation, an LLC is a separate legal entity free to open bank accounts and/or do business with its own tax identification number.  LLC’s benefit from the limited liability features of a corporation and have the tax efficiencies and operational flexibility of a partnership.  Unlike a corporation, profits and losses directly go to the members of the LLC and are reported on their personal federal tax returns.