Limited Liability Companies (LLC) are flexible, can be used for almost any purpose, and offer more benefits than any other type of entity. They have a favourable transfer tax status and have dual liability protection that LLCs, businesses, and limited partnerships are incomparable. There are several good reasons to set up an LLC.
- How to personalize SMEs
LLC adapts to any situation and is ideal for small businesses. Whether you have 100 silent investors or a small business with two people, LLC is so flexible that you can create investment contracts to suit your needs. You can create your own rules and tailor your entities to the complexity of your business.
- To protect real estate assets
best LLC formation service is the perfect entity for real estate and are unrivaled. One advantage is that LLC has dual liability protection that protects your investment from the flirtatious proceedings filed daily against people like you. Therefore, if you rear-end someone in the parking lot, and he sues you, he will not be able to reclaim your investment property, liquidate and resolve the claim if they are an LLC.
- Protect intellectual property
Unless you have several major patents, putting all your intellectual property in separate LLCs is overkill. You do not want your intellectual property to be traded with the masses. It’s the job of your operating company.
- How to get the seed capital of the company
LLCs are rapidly becoming the entity of choice for raising seed or angel capital-early investment. Venture capital firms generally prefer to invest in companies because they are familiar with them, while smaller investors prefer limited liability companies.
- Plan your property
When planning your property, don’t overlook the value of an LLC. Compared to some of the more complex trusts that lawyers may recommend, this is a simple entity, but LLC offers strong asset protection. LLC protects you not only from creditors but also from prosecutors and court costs.