8 Types of LLCs Explained & Compared

People starting a business often hesitate due to the liability concerns that come along with it. If you structure your business incorrectly, you run the risk of becoming personally liable for the debts and obligations of your company. However, by structuring your business as a limited liability company (LLC), you can avoid personal liability as well as achieve other benefits. To help, let’s look at the common types of LLCs so you can choose the best structure for your situation.

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