Tag: LLC

What is an LLC? How do you register it?

An LLC is a limited liability company. An LLC protects the personal assets of the business owner in the event of legal action being taken against it. LLCs combine the tax benefits of partnerships with the limited protection afforded by C-corporations. The state fees required to register an LLC in Kentucky vary from $40 to $520 in Massachusetts. […]

LLP vs LLC: Which is best for your business?

An LLP (limited-liability partnership) and an LLC (limited-liability company) are two different things. The LLP protects business assets from the negligence of another partner. Only the assets of one partner are liable if he or she is sued for negligence.  Common LLP businesses include law, accounting and architecture firms. How to Form an LLC If you do […]

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