Tag Archives: opening a business

An LLC (limited liability company) and an Inc. (incorporated) are both business entities that offer liability protection to their owners. However, there are some key differences between the two.

LLC

An LLC is a hybrid entity that combines the features of a corporation and a partnership. It is owned by members, who are protected from personal liability for the debts and liabilities of the business. LLCs are also taxed as pass-through entities, which means that the profits and losses of