What are the advantages of having a limited liability corporation, or LLC?

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There are so many advantage to having a limited liability corporation or an LLC. First of all, they're more flexible than any other entities. They're much more flexible than a sub chapter C, there's not much paperwork required and because you have the pass through advantages of the sole proprietorship or partnership type situation for the taxes, you decide how you want to be taxed.

Finally, there's less paperwork involved than there is for a sub chapter C. In addition and perhaps more important characteristic of a limited liability company is the fact that you can hire a member, or hire a manager, or you can be as involved or as uninvolved in the management as you want.

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