LIMITED LIABILITY COMPANY (LLC)
Limited Liability Company (LLC) registration is a legal process by which a business entity is established with limited liability protection for its owners, known as members. Here are key points about LLC registration 1. Limited Liability Protection : - Owners of an LLC enjoy limited liability, meaning their personal assets are generally protected from business debts and liabilities. This is a crucial advantage over sole proprietorships and partnerships. 2. Separate Legal Entity: - An LLC is a separate legal entity from its owners. This separation allows the business to enter contracts, incur debts, and engage in legal actions independently. 3. Flexible Management Structure: - LLCs offer flexibility in terms of management structure. Members can choose to manage the company themselves or appoint managers. This adaptability makes LLCs suitable for various business models. 4. Formation Requirements: - To register an LLC, owners typi...