List 4 Advantages of LLC (Limited Liability Company).
Answer:
1. May have tax advantages in most states
2. Pass-through taxation (not taxed twice like a C corporation)
3. One or more individuals, corporations, partnerships, trusts, or other entities can join to organize or form an LLC. This is not feasible in an S corporation
4. Members are allowed to share income, profit, expense, deduction, loss and credit, and equity of the LLC among themselves; only form of organization that offers all of these features