Limited Liability Company Center
Frequently Asked Questions
This website is provided by David K. Staub, an Illinois business attorney and frequent writer and speaker on limited liability companies. The site is for educational and informational purposes only and does not constitute legal advice. The information which is presented here is intended to make limited liability companies easier to understand, but weighing the tax, liability and operations issues requires a thorough understanding of the applicable law and cases. Anyone contemplating forming a limited liability company is urged to obtain proper legal advice.
- What are the advantages of an LLC?
- What are the disadvantages of an LLC?
- How do the benefits of an LLC compare to an S Corporation?
- How does an LLC compare to a corporation?
- How does an LLC compare to a partnership?
- How does an LLC compare to a limited partnership?
- What is a Single Member LLC?
- What is a Series LLC?