Should Your Retail Business Be An LLC?
Should your retail business be an LLC?
An LLC, a limited liability company, offers both benefits and drawbacks as compared to other business structures.
Before making any decision, you should always consult with a legal and financial advisor who knows your personal situation.
An LCC offers benefits such as personal asset protection, pass through taxation, simplicity, and flexibility.
Drawbacks of using an LLC can include annual fees and taxes, as well as investment disadvantages.
For more information on what an LLC is, you can take a look at this article:
If you would like to form your own LLC, visit the link below: