It is frequently best that clients utilize a Limited Liability Company as the form of business entity to be created in your business affairs setup. Limited Liability Companies are similar to corporations; however, they do not require yearly reports and yearly filing fees. Because of this, we will focus on the benefit of a Limited Liability Company from an asset protection and a tax planning perspective.
Limited Liability Companies are a preferred option to conduct your business. Limited Liability Companies provide liability protection to your individual and asset protection of your assets from creditor attack. Also, if set up correctly and completely, a Limited Liability Company provides substantial tax savings.