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Comment by retroafroman

An LLC is a very lightweight, easy to establish corporate vehicle that provides personal protection for the business owner. When running a sole proprietorship, if your business gets sued, they sue you for your personal money. If your LLC gets sued, it's much, much harder for them to go after your personal property. Today's society is too litigation happy to risk personal homes and wealth with a simple sole proprietorship/partnership. An LLC or C or S-corp is easy and fairly cheap to establish compared with how much it's possible to lose.
parent retroafroman 13 years ago

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