How to use a professional service to set up an LLC online You can get a business bank account to further distinguish your business finances from your personal finances, as well. After setting up an LLC, you can build a business credit history separate for your personal credit history. Starting an LLC gives your business more credibility. If you have a sole proprietorship, it can be difficult to establish a distinction between your business finances and your personal finances. With an LLC, your personal finances aren't at risk if your business is sued. You may want to register your business with the state, get certain types of insurance, and take advantage of the pass-through taxation benefits of owning an LLC. If you currently run a sole proprietorship, you could be wondering how to start an LLC and whether that's the right move for your business. In fact, an LLC combines many of the advantages of a general partnership, sole proprietorship, and a corporation. An LLC also prevents your company from being overtaxed.
There's less paperwork associated with forming an LLC than there is when you develop a corporation. An LLC is a Limited Liability Company that protects the personal assets of the company's owners in the event that the business is sued.
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