If you have a business, you should consider the benefits of creating an LLC. The Limited Liability Company structure offers many benefits, often unavailable to sole proprietors in Pennsylvania.
- Increased Protection: Limited Liability Companies offer a layer of protection. They allow businesses to separate the contractual obligations of the company from its members (owners) personal assets.
- Pass-Through Taxation: Any income or loss from the business is “passed-through” to the owners and reported on their personal income tax returns. Unlike S-corporations and C-corporations, Limited Liability Companies typically do not pay taxes at the business level.
- Increased Credibility: Formation of a Limited Liability Company can create a heightened sense of credibility with clients, employees, and suppliers showcasing the members’ commitment to the success of the organization.
Jenco Law Group, P.C. can assist your business with the creation of an LLC, S-Corporation or C-Corporation offering your company unique protection and benefits without the stress. Our Pennsylvania law firm can walk you through the process and aid you in determining which formation may be the best for your company.
