Forming an LLC in the United States
A Limited Liability Company or simply LLC is a form of business organization which legally separates the organizations’ members from the organization itself and holds each as a separate entity. The primary reasons for this is to protect shareholders from creditors and debts incurred by the business especially should bankruptcy occur. An LLC is formed by one or more persons and requires Articles of association to be filed to relevant authorities for legal purposes. Advantages include protection from creditors and more lenient taxes also profits or losses can be shared as per shareholders’ agreement