Limited Liability Companies (LLC’s)

  • Limited Liability Companies (LLC’s) straddle the border between the corporate model and the partnership model. LLCs can be taxed like a C-corp or an S-corp if so elected and owners (known as “members”) enjoy limited liability protection but are not bound to the same regulations and administrative requirements as a corporation. While LLCs are easier for small business owners to manage, these structures aren’t as friendly to easy outside investment.