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How Does An LLC Work: Everything You Need to Know

An LLC (limited liability company) works as a type of business entity that provides both liability protection for owners and members and pass-through taxation. What Is an LLC? An LLC is a type of business structure that treats owners like partners but gives them the choice to be taxed like a corporation.…

Pros and Cons of a Limited Company - Brookson

Whilst running a limited company does have its fair share of responsibility, and the administrative responsibilities are certainly greater than other ways of working, there are many advantages too. Limited liability - In simple terms, if you run a Limited Company you are protected should things go wrong. Assuming all rules have been followed, as a director you will not be personally liable for any financial losses made by the company.…