Business / Corporate Basics Attorney in Indianapolis, Indiana

What are the benefits of an LLC?

More In This Category

View Transcript

it’s probably the most flexible form of
business entity that you can use it’s
allows you to have uh members that are
partners that are companies other
corporations
Partnerships and you can still elect to
be taxed like a corporation so it gives
you a lot of flexibility when you’re
trying to do business plus the fact does
protect you individually because um any
claims against the assets or against the
LLC are limited to the assets owned by
the LLC and the members do not have any
individual liability

Indianapolis, IN business attorney Steve Robinson talks about the benefits of an LLC. He explains that a Limited Liability Company or LLC is one of the most flexible forms of business entities available. It allows for a variety of members, including individuals, partnerships, and other corporations, and offers the option to elect corporate taxation if desired. This flexibility makes it an attractive choice for many business owners. Additionally, an LLC provides personal liability protection, as claims against the business are generally limited to the assets owned by the LLC, and its members are not personally liable for the company’s obligations.

More Videos From This Lawyer