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Limit your liability, simplify taxes with an LLC
If you run your own business, you've probably heard about limited liability companies. Cheap to set up and easier than a corporation to maintain, LLCs are more popular than ever. Business owners who operate LLCs aren't personally liable for business debts, so their personal assets aren't at risk—not usually, anyway. Before you form an LLC, you should understand the exceptions to this rule to make sure an LLC is right for you.
Nolo's Quick LLC provides essential information on LLC laws and trends for business owners in every state. In concise, plain English, America's LLC expert explains the advantages and drawbacks of forming an LLC—including limiting your personal liability.