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Why you should choose an LLC
Protect yourself
Avoid personal liability for business expenses or partner negligence by separating your personal assets from your business assets and ensuring that you won’t pay for others’ mistakes.
Be your own boss
You don’t have to listen to shareholders, or you can choose to have partners but also include specific responsibilities within your LLC operating agreement to restrict anyone’s ability to overrule you.
Choose your business structure
An LLC allows you to choose single proprietorship or multi-member partnerships so that you can enjoy the benefits of both the corporation and partnership business structures.
Valuable distribution structure
Choose your own profit distribution structure. While some IRS rules apply, you’re basically free to divide profit however you like, without taking into consideration dividends.
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Tailor Brands is a technology company and is not a bank nor a law firm. Banking services are provided by our banking providers and the information on this website does not constitute legal advice.