F.A.Q: Why are LLCs popular?

Posted on

Estimated reading time: 1 minute

LLCs are popular because they provide several valuable advantages:

— LLCs can be governed informally. While corporation laws require management formalities (such as a BOD, meetings and quorums), LLCs are a lot more informal.

— LLCs have greater flexibility in deciding how to split their financial interests. An LLC can distribute its income to each member equally (based on capital contributions,) or in many other ways. A corporation distributes its income to shareholders on a per share basis.

— An LLC can be a pass-through tax entity without any of the restrictions imposed on corporations.

— In addition, LLCs do not have a residency requirement, they provide limited liability for business debts and obligations, and they can offer a great deal of credibility within the business world. 

Click here to learn more!

.

Incorporating is the most powerful thing you can do to legitimize your business. And at IncAuthority.com, our setup LLC services are 100% free. Always. So, don’t wait. Form your free LLC today and enjoy the protection due to you and your business under the law. Start now for free.