Limited Liability Company
Form An LLC Ownership Agreement
When you start a small business, you need protection from business risks that may occur in the future that could threaten your personal assets. An LLC ownership agreement will give you the protection you need as it offers owners limited personal liability for the debts and actions of the LLC. Your personal assets are insulated from business risks unless you cause personal injury upon someone or engage in an illegal or fraudulent activity.
Forming an LLC ownership agreement offers the limited liability protection of a corporation with the management flexibility and pass through taxation of a sole proprietorship or partnership.