Do you have a business idea or an existing business you want to expand? You may want to consider forming a limited liability company for your business.
A limited liability company, or LLC, is a business entity that offers personal liability protection for a business owner. Operating through an LLC is an effective way to separate the personal assets of an owner from the assets of a business.
An LLC can also offer tax advantages that are not available to individuals operating a sole proprietorship or operating as a DBA.
An LLC can also provide additional credibility to your business in the eyes of prospective partners, customers, suppliers, and lenders.
Whether you are a small business owner or a group of like-minded business associates who are considering working together, an LLC is an excellent vehicle to provide structure to the business deal while at the same time providing limited liability for those involved.
If you have questions about an LLC or any other business related question, contact the Southern Aroostook Development Corporation at 521-0157.