 A Limited Liability Company (LLC) is an advantageous business structure as it comes with several benefits for business owners. For starters, LLCs provide a veil of protection that keeps business assets separate from their owner’s assets in unfortunate situations such as litigation or incurring debt. Also, when set up correctly, LLCs have Operating Agreements that outline how the business should be managed. However, choosing to run your business as an LLC is not a one size fits all solution to solving all your problems. Here are some myths you may have heard about LLCs.
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