Well, yes and no. It depends on your business goals and your preference for business structure.
You must weigh the pros and cons and decide if an LLC is the best option for you. It’s not the best option for all businesses.
But for many businesses, the choice to form an LLC is as simple as the need to protect the personal assets of an owner or owner. In those cases, forming an LLC for tax purposes is a secondary reason.
Here are the main reasons a business owner would opt to form a Limited Liability Company:
Protect Personal Assets
For tax purposes.
To have flexibility in business structures.