Limited Liability Company (LLC)
Articles of incorporation must be filed with the Secretary of State of each state in order to establish a Limited Liability Company
An LLC’s members are its owners. Individuals, businesses, other LLCs, and international entities may all be members. There is no maximum number of members for an LLC; it can be founded by one or more.
Since LLCs are a corporate form that protects its members (owners) from being held personally accountable for the debts of the company, they are typically the preferred entity structure for some professionals and landlords.
Because an LLC is essentially a legal, not a tax, designation, its owners can file as a Partnership, S-Corporation, or even as a Sole Proprietor, giving them flexibility.