Читать книгу Ultimate LLC Compliance Guide - Michael Spadaccini - Страница 9

Advantages of the limited liability company:

• LLCs do not require annual meetings and require fewer ongoing formalities.

• LLC owners are protected from personal liability for company debts and obligations.

• LLCs enjoy partnership-style, pass-through taxation, which is favorable to many small businesses.

Disadvantages of the limited liability company:

• LLCs do not have a reliable body of legal precedent to guide owners and managers, although LLC law is becoming more reliable as time passes.

• An LLC is not an appropriate vehicle for businesses seeking to eventually become public or seeking to raise money in the capital markets.

• LLCs are more expensive to set up than partnerships.

• LLCs must usually make periodic filings with the state and pay annual fees.

• Some states do not allow the organization of LLCs for certain professional vocations.