What is a LLC?
1. A LLC ("LLC ") is a separate State Created legal entity created by filing a certificate and executing LLC bylaws.
An LLC is owned by its members holding shares, or stock certificates. Owners of an LLC are shareholders of a LLC.
2. What are the Advantages of an LLC?
It avoids personal liability for business actions and saves on taxes.
The shareholder's liability is generally limited to the amount of shares invested in the LLC.