Variations of LLC businesses

LLC stands for Limited Liability Company and it represents a privately owned type of business that combines the limited liability of a corporation with the pass through taxation regime of a partnership or sole proprietorship. Numerous business owners have directed their attention towards the LLC business form knowing that they have the freedom of choosing their own tax regime, knowing that they will deal with less paperwork and less record keeping than a corporation. If you want to learn more about the LLC business structure, visit the experts at LLC University as they will surely answer all your questions and help you understand how it works. You will find out that there are several variations of the LLC business. Here they are.

·         The Professional Limited Liability Company- organized with the specific purpose of providing professional services. Professions such as doctor, chiropractor, architect, lawyer, accountant, landscape architect or engineer require the formation of a PLLC.

·         The Series LLC, a special form of Limited Liability Company which allows a single LLC to segregate its assets into separate series.

·         The L3C, a social enterprise venture formed with the specific purpose of performing socially beneficial services.

·         The Anonymous Limited Liability Company, a form of LLC where ownership information is not publicly available.

As you can see, there are different forms of LLC you can opt for so gather lots of good info on them and see which of them best fits your needs and preferences. Find out how much does an LLC cost in your state, as this is very important information that will help you make a good choice for your business and get things started. If you are well informed in which concerns getting a business started, you simply can’t commit mistakes. This is why you first need to do a lot of research and only then transform your business idea into a real business.