Understand what LLC stands for (Limited Liability Company) and why it matters. This guide covers LLC benefits, drawbacks, setup steps, tax implications, state fees comparison, and how it differs from S-Corps and sole proprietorships for business owners.

Discover the critical differences between Limited Liability Partnerships (LLP) and LLCs. Learn about liability protection, tax implications, setup costs, and state-specific rules to choose the best structure for your business.