When starting a new business, one of the first question that might arise, “What is an LLC, and do I need one?” A limited liability company (LLC) is one of the most popular ways to organize a business because of the tax benefits and personal liability protection it offers. Many business owners choose an LLC because it requires less paperwork and is relatively easy and affordable to set up compared to C-corporations and S-corporations.
Aside from the tax and liability protection benefits, there are several reasons why business owners choose an LLC:
By forming an LLC, two benefits that directly impact a business or business owner’s finances are personal liability protection and flexible tax options.
Navigating the entrepreneurial world can be overwhelming, especially in the early phases of starting a business. Fullerton Financial Planning offers a number of financial services to help small business owners in Arizona manage their finances and achieve their financial goals. Call us at (623) 974-0300 to get started.
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