ComplianceFebruary 05, 2020

Infographic: The Limited Liability Company (LLC) explained

LLCs are one of the most popular types of business entities in the United States today. They are easy to form, simple to maintain and offer flexible tax options.

Newer entrepreneurs may have questions about the ins and outs of this type of entity. What is an LLC and how does it differ from a corporation? What are the advantages and disadvantages of this business structure? How does an LLC work and what does it mean for your taxes?

This infographic provides answers to these questions and sheds light on what makes the LLC so popular with businesses of all sizes.

For more information on LLCs, read our guide, The LLC Handbook.

The Limited Liability  Company Explained
The Limited Liability Company Explained
What makes the LLC so popular with businesses?
Tamara Kling
Government Relations and Regional Attorney
Tamara Kling has been a Government Relations and Regional Attorney with CT Corporation for over 10 years. She works closely with state bar associations and government offices to implement changes in business entity laws.
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