LLCs offer protection, flexibility, and tax benefits, providing various taxation options while protecting members from personal liability. Discover the pros and cons.

Setting up your business as a limited liability company, or LLC, does not mean giving up control of the company. LLC status has to do with legal liability for the debts of the business, not ownership.

Jane Haskins practiced law for 20 years, representing small businesses in startup, dissolution, business transactions and litigation. She has written hundreds of articles on legal, intellectual ...

Andriy Blokhin has 5+ years of professional experience in public accounting, personal investing, and as a senior auditor with Ernst & Young. SDI Productions / Getty Images A family limited liability ...

Breaking up parts of a limited liability company, or any company, into separate "divisions" or "departments" might make accounting, management or other company operations easier. One division of a ...

Organizing an LLC yourself can seem daunting upon first glance, but it’s actually a series of small, simple tasks. As a general rule, if your business is small and operates in and sells products or ...

Opinions expressed by Entrepreneur contributors are their own. When choosing a small business structure, many owners go for a limited liability company (LLC) because of the protection from liabilities ...