Business Studies, asked by rajshatrunjay2792, 1 year ago

What are the benefits of an LLC?

Answers

Answered by sandeep187350

Protected assets. LLCs provide limited liability protection to their owners (members), who are typically not personally responsible for the business debts and liabilities of the LLC. Creditors cannot pursue the personal assets (house, savings accounts, etc.) of the owners to pay business debts.

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