LLC

An LLC, or Limited Liability Company, is a flexible business structure that protects its owners' personal assets from company debts and legal claims, making it a popular choice for entrepreneurs seeking a balance of liability protection and tax benefits. This setup allows for pass-through taxation, where profits and losses flow directly to owners, while offering more management flexibility than a traditional corporation. In today's startup ecosystem, LLCs are favored for their simplicity in formation and adaptability to various business sizes.