The Benefits of Having a Limited Liability Company?
One of the biggest benefits of having limited Liability company compared to sole proprietorship is having the comfort of knowing that your personal assets or protected. This means that if your company is ever sued or any legal action is taken against your business, the person or company filing the suit legally cannot go after any of your personal assets. Ex: House, car, personal properties. Limited Liability Companies also are able to write off more than half of their operating expenses from day to day activities.
Protections from having personal Assets garnished or taken.
Able to deducted almost half of your daily operating expenses
Strengthen business reputation
Able to transfer ownership-easily.