Nobody stops you during critical life events involving serious financial consideration and says “Now is a good time to create a Limited Liability Company.” It is literally one of the greatest tools in the world of business and personal finance and yet many people don’t know when or even how to use them.
Here are some of the reasons you might want to create an LLC:
- Starting a new small business.
- Avoiding various forms of Taxation (Which is legal).
- Protecting Assets that generate passive income.
- Protecting personal assets from risk or exposure to an owners lifestyle choices.
We are going to explore the reasons for creating an LLC and by the time we’re done, you will know when to create one thereby enjoying its many benefits.