A limited liability company (LLC) is a business structure that provides its owners—known as members—with limited personal liability for the company’s debts and obligations. This means members’ personal assets are generally protected from business-related lawsuits or creditors. Additionally, an LLC typically allows profits and losses to pass through directly to the members, avoiding corporate taxation, similar to sole proprietorships and partnerships. However, before establishing an LLC, it’s important to determine whether it is the most appropriate structure for you to build your business. To help get you started, we’ve outlined fundamental information about LLCs and what is required to...