The pros and cons of LLCs

The use of the limited liability company (LLC) has mushroomed in popularity over the past two decades. IRS statistics show a 66% increase in domestic LLCs between 2005 and 2014, and in 2004 LLCs were already popular entities. The core reasons for their attractiveness for a wide range of business purposes are¬†well-known: chiefly, passthrough tax … Continue reading The pros and cons of LLCs