SecStates Launches its Entrepreneur Assist Program

ABEL, Ala. - Nov. 9, 2014 - PRLog -- Having a limited liability company offers the best of a corporation and a partnership, and none of the bad parts of either. This is usually is the leading structure for the average entrepreneur and is something that you should consider if you are an entrepreneur. There are many benefits to forming your company as an LLC.

Found below are five of the many benefits that come with a limited liability company could the right choice for you:

1. Protection from personal liability - Most likely the most compelling reason to forming a LLC is to benefit from the personal liability protection offered by a properly setup LLC. As an entrepreneur, you are are more likely to be sued then you would be otherwise, so you can use an LLC to shield your personal assets from a lawsuit against your company.

2. Handling of taxes - If you operate as a sole proprietor, you have very limited ways to deal with income taxes. A limited liability company gives you a variety of unique ways to handle your income taxes, which often times offers savings compared to what a company with no structure has available.

3. Customer trust - Let’s face it, as a business owner you most likely are going up against a variety of other businesses. You need to make sure that potential clients see you as a authentic operation, and being an LLC allows customers to trust you.

4. Operational simplicity - Going with a corporate structure is another way to get specific tax and personal liability benefits, but they can be more difficult in their operation. Corporations have annual reporting requirements that just are not there with an LLC, giving the limited liability company an advantage to its ease of operation.

5. Inexpensive to create - If you take advantage of a web based incorporation services, the cost to create your LLC will be very little. And generally there are no ongoing costs associate with a limited liability company, which means they are very affordable.

Forming an LLC is a great decision for many small business owners, and offers you many benefits that are not available as a sole proprietor. If you want to be a committed entrepreneur, then you really need to determine if an LLC is the right choice for your business, and chances are it is.

Visit us at http://secstates.net for more information.